A&Z incurred $407,500 of capitalized costs to develop a uranium mine. The corporations geologists estimated that the mine would produce 815,000 tons of ore. During the year, 163,000 tons were extracted and sold. A&Zs gross revenues from the sales totaled $521,600, and its operating expenses for the mine were $156,480. Calculate A&Zs depletion deduction.

Return to question 9 A&Z incurred $407,500 of capitalized costs to develop a uranium mine. The corporation's geologists estimated that the mine would produce 815,000 tons of ore. During the year, 163,000 tons were extracted and sold. A&Z's gross revenues from the sales totaled $521,600, and its operating expenses for the mine were $156,480. Calculate A&Z's depletion deduction. 2 points Answer is complete but not entirely correct. Depletion deduction $ 81,500