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Spring Creek Mines purchased a vein of mineral ore for$3,250,000. It is estimated that15,000,000 tons of ore are available to be extracted. The estimated depletion
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Spring Creek Mines purchased a vein of mineral ore for$3,250,000. It is estimated that15,000,000 tons of ore are available to be extracted. The estimated depletion expense for thisyear's extraction of1,760,000 tons of ore(rounded to the nearestdollar) is:
A. $428,267. B. $334,400. C. $381,333. D. $400,000.
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