Gem Swap owns a mine that is expected to produce 5 million gems of similar shape and quality. After 3 years of operations, 3 million gems had been extracted, and the carrying amount of the asset was $20 million. What was the original cost of the mine?

Answer rating: 100% (QA)

To find the original cost of the mine you can use the concept of depreciation Depreciation is the al... View the full answer