A company purchased a tract of land for its natural resources at a cost of $1,830,800. It expects to mine 2120,000 tons of ore from this land. The salvage value of the land is expected to be $262,000. The depletion expense per ton of ore is: Multiple Choice $0.987 $6.988 $8.092 Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $104,000. The asset is expected to have a salvage value of $15,100 at the end of its five-year useful life. If the asset is depreciated on the double- declining-balance method, the asset's book value on December 31, Year 2 will be: Multiple Choice $19,224 $22.464 $93.600