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Calculate the amortization expense for the current year

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Question - Natural Resources purchased a mineral deposit for $800,000. It expects the property to produce 1,200,000 tonnes of ore and to have no residual value. During the current year, the company mined 93,000 tonnes of ore. Calculate the amortization expense for the current year?

A) $15,000.

B) $62,000.

C) $93,000.

D) $139,500.

E) $150,000.

Reference no: EM132840631

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