Gemstones Miner Co. acquired mineral rights for $176,400,000. It is estimated that there are 4,200,000 tons of

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Gemstones Miner Co. acquired mineral rights for $176,400,000. It is estimated that there are 4,200,000 tons of the resource, and during the current year 600,000 tons were mined and sold. What is the rate of depletion?

a.$42 per ton

b.$52 per ton

c.$62 per ton

d.$77 per ton

Related Book For answer-question

Understanding Basic Statistics

ISBN: 9781111827021

6th Edition

Authors: Charles Henry Brase, Corrinne Pellillo Brase

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Posted Date: Jan 29, 2024 07:17 AM

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Gemstones Miner Co. acquired mineral rights for $176,400,000. It is estimated that there are 4,200,000 tons of

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Understanding Basic Statistics

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