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i need only final correct answer On1 January 2014: A Company bought a Mine for $2,000,000. Of this amount, $1,000,000 was attributable to the land
i need only final correct answer
On1 January 2014: A Company bought a Mine for $2,000,000. Of this amount, $1,000,000 was attributable to the land value. | The Company spent $300,000 on development costs. The present value of the restoration obligation to restore the land to its original state is $200,000. The Company estimates that the Mine has 100,000 Units of minerals available for mining. The Depletion Cost Per Unit is: Select one: O a. $150 O b. $30 O c. $15 O d. $10 O e. None of these options On 1 January 2014: A Company bought a Mine for $2,000,000. Of this amount, $1,000,000 was attributable to the land value The Company spent $300,000 on development costs. The present value of the restoration obligation to restore the land to its original state is $200,000. The Company estimates that the Mine has 100,000 Units of minerals available for mining. During 2014: 50,000 units were extracted and, of these, 40,000 units were sold The Cost of Sales for Minerals for 2014 is: Select one: O a. None of these options O b. $1,050,000 O c. $450,000 d. $600,000 e. $750,000Step by Step Solution
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