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Gem Swap owns a mine that is expected to produce 5 million gems of similar shape and quality. After 3 years of operations, 3 million
Gem Swap owns a mine that is expected to produce 5 million gems of similar shape and quality. After 3 years of operations, 3 million gems had been extracted, and the carrying amount of the asset was $20 million. What was the original cost of the mine? Select answer from the options below $50 million $29 million (rounded) cannot be determined with the information provided $33 million (rounded)
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