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Cameron Company purchased a mine on January 1, 2024, for $631,000, which is estimated to contain 34,000 tons of iron ore. There is no residual

Cameron Company purchased a mine on January 1, 2024, for $631,000, which is estimated to contain 34,000 tons of iron ore. There is no residual value. The business extracted and sold 15,500 tons of ore in 2024 and 17,800 tons of ore in 2025. What is the depletion expense for 2025? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A. $242,110 B. $278,036 C. $520,146 OD. $10,934

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