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In February 2025, Shania purchased a coal mine at a cost of $3110604. The mine is estimated to contain 200,000 tons of coal and to
In February 2025, Shania purchased a coal mine at a cost of $3110604. The mine is estimated to contain 200,000 tons of coal and to have a residual value of $554688 after mining operations are completed. In 2025, 20,000 tons of coal were removed from the mine, and of that only 5,000 were sold.
What is the book value of the mine at the end of 2025 after the adjusting entries? Round only your final answer to the nearest dollar.
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