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3 4 . On March 3 1 , 2 0 2 4 , a company purchased the right to remove gravel from an old rock

34.
On March 31,2024, a company purchased the right to remove gravel from an old rock quarry. The gravel is to be sold as roadbed for highway construction. The cost of the quarry rights was $291,600, with estimated salable rock of 36,000 tons. During 2024, the company loaded and sold 5,200 tons of rock. On January 1,2025, the company estimated that 15,600 tons still remained. During 2025, the company loaded and sold 10,400 tons. The company uses the units-of-production method.
The company would record depletion in 2025 in the amount of:

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