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On March 1, 2024, a company entered into an agreement with the state to obtain the rights to operate a copper mine for $6,200,000.
On March 1, 2024, a company entered into an agreement with the state to obtain the rights to operate a copper mine for $6,200,000. The mine is expected to produce 200,000 tons of copper over the five year lease. When completed, the company expects to be able to sell the lease for $200,000. During 2024, the company extracted 36,000 tons of ore from the mine. What is the deplection rate per ton? $30 per ton None of these is correct. $6 per ton $31 per ton
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