Depletion Lorton Company acquired land containing coal. Lorton will restore the land to a condition suitable for recreational use after it has extracted the coal. Geological surveys estimate that the recoverable reserves will be 4,000,000 tons and that the land will have a value of $1 million after restoration. Relevant cost information follows: Required: If Lorton maintains no inventories of coal, what is the depletion rate per ton of coal? if required, round your answer to the nearest cent. 1 per ton