Barren Company purchases Fletcher Company for $5,000,000 cash on January 1, 2021. The book value of Fletcher Company's net assets reported on its December 31, 2020 financial statement was $3,600,000. An analysis indicated that the fair value of Fletcher's tangible assets exceeded the book value by $600,000, and the fair value of identifiable intangible assets exceeded book value by $320,000. Determine the fair value of identifiable net assets used to record goodwill.

a. $4,520,000

b. $280,000

c. $3,600,000

d. $4,200,000

In January 2022, Brode Mining Corporation purchased a mineral mine for $6,300,000 with removable ore estimated by geological surveys at 2,500,000 tons. The property has an estimated value of $600,000 after the ore has been extracted. Brode incurred $1,725,000 of development costs preparing the property for the extraction of ore. During 2022, 585,000 tons were removed and 525,000 tons were sold. For the year ended December 31, 2022, Brode should include what amount of depletion in its cost of goods sold?

a. $1,559,250

b. $1,333,800

c. $1,737,000

d. $1,197,000