Question
Gemstones Miner Co. acquired mineral rights for $176,400,000. It is estimated that there are 4,200,000 tons of the resource, and during the current year 600,000
Gemstones Miner Co. acquired mineral rights for $176,400,000. It is estimated that there are 4,200,000 tons of the resource, and during the current year 600,000 tons were mined and sold. What is the rate of depletion?
a.$42 per ton
b.$52 per ton
c.$62 per ton
d.$77 per ton
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Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
