A company purchased a tract of land for its natural resources at a cost of $1,600,400. It expects to mine 2,040,000 tons of ore from this land. The salvage value of the land is expected to be $254,000. The depletion expense per ton of ore is:
A. $6.301.
B. $0.909.
C. $0.660.
D. $0.785.
E. $8.031.
Answer: C
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