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O'Keith Corp. purchased a mine on January 1, 2024, for $503,000. The mine is estimated to contain 39,000 tons of iron ore. There is no

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O'Keith Corp. purchased a mine on January 1, 2024, for $503,000. The mine is estimated to contain 39,000 tons of iron ore. There is no residual value. The business extracted and sold 8,500 tons of ore in 20 10,800 tons of ore in 2025. What is the book value of the mine at the end of 2025? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A $254.030 O B. $425,000 O c. $503,000 OD. $352,100

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