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28 The Weber Company purchased a mining site for $631,365 on July 1 . The company expects to mine ore for the next 10 years

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28

The Weber Company purchased a mining site for $631,365 on July 1 . The company expects to mine ore for the next 10 years and anticipates that a total of 82,071 tons will be recovered. During the first year the company extracted 5,577 tons of ore. The depletion expense is a. $42,887.13 b. $55,703.00 c. $57,566.20 d. $39,118.17

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