13.09 ill 4G 4 < Chapter 9-Investments: Property, Pl... 7/14 7.Multiple-Choice(5 Points) Medium Sheet A company purchased a mineral deposit for $800,000. It expects this property to produce 1,200,000 tons of ore and to have a residual value of $50,000. In the current year, the company mined and sold 90,000 tons of ore. Its depletion expense for the current period equals: A $15,000. B $60,000. C $150,000. D $56,250. next