4, 16. A company purchased mining property containing 7,350,000 tons of ore for $1,837,500. I Year 1, it mined and sold 857,000 tons of ore and in Year 2, it mined and sold 943,000 tons of ore. Calculate the depletion expense for Year 1 and Year 2. What was the book value of the property at the end of Year 2? Three (3) points Year 1 depletion Year 2 depletion = Book value of property at end of Year 2 =