24.Bering Rock acquires a granite quarry at a cost of $590,000, which is estimated to contain 200,000 tons of granite and is expected to take 6 years to remove. Compute the depletion expense for the first year assuming 38,000 tons were removed and sold.

Select one:

a. $98,333.

b. $93,158.

c. $38,000.

d. $12,881.

e. $112,100.