Question 4 Not yet answere Marked out of ORelly Corp purchased a mine on January 1, 2016, for $516,000. The mine is estimated to contain 40,000 tons of iron ed ore. There is no residual value The business extracted and sold 6,500 tons of ore in 2016 and 11,600 tons of ore in 2017 What is the book value of the mine at the end of 2017? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dolar) Flag question Select one O A $436,000 B. $279.930 C $361.200 D $516,000 E None of the above O Question 5 Not yet answered Marked out of 1 P Pag quesion intangible assets Select one A always have a definite life 8 that are purchased are recorded at cost C are aways expensed through amortization O D. with definite lives are tested annually for impairment E. None of the above