possible Baker Company purchased a mine in 2024 for $1,650,000. and estimated that 110,000 tons of iron ore could be extracted from it. There was no residual value. The business extracted and sold 2,700 tons of ore in 2024. What is the book value of the mine on the balance sheet at the end of year 2024? (Round all intermediate calculations to the nearest cent.) O A. $1,550,000 B. $1,609,500 O c. $1,500,000 O D. $40,500

Baker Company purchased a mine in 2024 for $1,650,000, and estimated that 110,000 tons of iron ore could be extracted from it. There was no residual value. The business extracted and sold 2,700 tons of ore in 2024 . What is the book value of the mine on the balance sheet at the end of year 2024 ? (Round all intermediate calculations to the nearest cent.) A. $1,550,000 B. $1,609,500 C. $1,500,000 D. $40,500