Coronado Industries acquired atract of land containing an extractable natural resource Coronado is required by the purchase contract to restore the land to a condition suitable for recreational use after it has extracted the natural resource, Geological surveys estimate that the recoverable reserves will be 5000000 tons, and that the land will have a value of $593000 after restoration Relevant cost information follows: Land $6310000 Estimated restoration costs 1280000 1 Coronado maintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material? $1.26 $140 $1.60 $1.52