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Prairie Gold Finders establishes a silver mine in 20X1 with an estimated 250,000 ounces of silver for $8,000,000 (assume no residual value). If the company

Prairie Gold Finders establishes a silver mine in 20X1 with an estimated 250,000 ounces of silver for $8,000,000 (assume no residual value). If the company extracts 40,000 ounces of silver in 20X1, what is the book value of the gold mine at the end of 20X1?

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