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Lone Mountain Extraction, which mines ore in Idaho, uses a calendar year for both… 1 answer below » Lone Mountain Extraction, which mines ore in Idaho, uses a calendar year for both financial-reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,400 tons of ore were extracted: ■ Straight-line depreciation ………………….. $30,000 Royalties …………………………….. $140,000 2. Total cost for 1,700 ton