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gOOvER gOOvER
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7 years ago
Kootenay Mining Company purchased a mine in 2013 for $3,400,000. It was estimated that the mine contained 200,000 tons of ore and that the mine would be worthless after all of the ore was extracted.  The company extracted 25,000 tons of ore in 2013 and 30,000 tons of ore in 2014.

What is the amortization expense for 2014?
A) $425,000
B) $680,000
C) $340,000
D) $510,000
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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raovatallpyraovatallpy
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7 years ago
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