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O'Keith Corp. purchased a mine on January 1, 2018, for $516,000. The mine is estimated to contain 32,000 tons of iron ore. There is no
O'Keith Corp. purchased a mine on January 1, 2018, for $516,000. The mine is estimated to contain 32,000 tons of iron ore. There is no residual value. The business extracted and sold 19,500 tons of ore in 2018 and 6,800 tons of ore in 2019. What is the book value of the mine at the end of 2019? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A. $361,200 O B. $516,000 OC. $91,781 OD. $452,000 Click to select your answer. PrtScn Home End PgUp PgDn
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