A company purchased land for its natural resources at a cost of $1,500,000. It expects to mine 2,000,000 tons of ore from this land. The residual value of the land is estimated to be $250,000. What is the amount of depletion per ton of ore?
A. $0.625
B. $1.14
C. $0.875
D. $0.75
Answer: A
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