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Natural Resources and Depletion
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Natural Resources and Depletion
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8. Long Lived Assets / Natural Resources and Depletion / Problem 5
Problem 5
A company purchases a mineral deposit for \$200,000, estimating it contains 50,000 tons of minerals. What is the cost per ton?
A
\$2 per ton
B
\$10 per ton
C
\$4 per ton
D
\$5 per ton
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