3 01:23:11 uiz Tools 100% Collapse Saved Help Sove & Exit Submit Tesla purchased land containing a gold deposit for $2,340,000 on January 7, 2021. The company expects to mine 620,000 tons of gold over the next 10 years. and the land is expected to have a residual value of $1,379,000. The company has also purchased mining equipment for $420,000 that will be used only at this site over the 10 years with an estimated residual value of $48,000. By the end of the first year, the company has mined and sold 52,000 tons of gold. What is the depletion for gold for 2021, assuming the company uses the units-of-production method? Multiple Choice $80,600. $133,000. $111,800. $117,800. Update