On april 17 2013 the loadstone mining company purchased the

Reference no: EM13566427

On April 17, 2013, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price plus additional costs necessary to prepare the mine for extraction of the coal totaled $2,910,000. The company expects to extract 970,000 tons of coal during a four-year period. During 2013, 350,000 tons were extracted and sold immediately.

Reference no: EM13566427

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