A&Z incurred $457,500 of capitalized costs to develop a uranium mine. The corporations geologists estimated that the mine would produce 915,000 tons of ore. During the year, 183,000 tons were extracted and sold. A&Zs gross revenues from the sales totaled $585,600, and its operating expenses for the mine were $175,680. Calculate A&Zs depletion deduction.

A&Z incurred $457,500 of capitalized costs to develop a uranium mine. The corporation's geologists estimated that the mine would produce 915,000 tons of ore. During the year, 183,000 tons were extracted and sold. A&Z's gross revenues from the sales totaled $585,600, and its operating expenses for the mine were $175,680. Calculate A&Z's depletion deduction. Depletion deduction