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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 29, 2016



Title: O'Reilly Corp. purchased a mine on January 1, 2016, for $516,000. The mine is estimated to contain ...
Post by: H3Ko on Aug 29, 2016
O'Reilly Corp. purchased a mine on January 1, 2016, for $516,000. The mine is estimated to contain 40,000 tons of iron ore. There is no residual value. The business extracted and sold 6,500 tons of ore in 2016 and 11,800 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 dollar.)
A) $436,000
B) $361,200
C) $516,000
D) $279,930


Title: Re: O'Reilly Corp. purchased a mine on January 1, 2016, for $516,000. The mine is estimated to ...
Post by: .unplugged. on Aug 29, 2016
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Title: Re: O'Reilly Corp. purchased a mine on January 1, 2016, for $516,000. The mine is estimated to contain ...
Post by: H3Ko on Oct 12, 2016
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right


Title: Re: O'Reilly Corp. purchased a mine on January 1, 2016, for $516,000. The mine is estimated to ...
Post by: Ayodeji Ogunyemi on Mar 23, 2020
Thank you