Dorn purchased the rights to extract turquoise on a tract of land over a five-year period. Dorn paid $200,000 for extraction rights. A geologist estimates that Dorn will recover 10,000 pounds of turquoise. During the current year, Dorn extracted 2,500 pounds of turquoise, which it sold for $150,000. What Is Dorn's cost depletion expense for the current year? Multiple Choice O O O $0 $50,000 $150,000 $200,000 None of the choices are correct

Dorn purchased the rights to extract turquolse on a tract of land over a five-year perlod. Dorn pald $200,000 for extraction rights. A geologist estimates that Dorn will recover 10,000 pounds of turquolse. During the current year, Dorn extracted 2,500 pounds of turquolse, which it sold for $150,000. What is Dorn's cost depletion expense for the current year? Multiple Choice $0 $50.000 $150,000 $200,000 None of the cholces are correct