Land containing a mine having an estimated 1,000,000 tons of economically extractable to one is purshaced for $450,000. After the ore deposit is removed the land is worth $75,000 If 100,000 tons ore are mined & Sold during the colpo first Year the depletion cost charged to expense for the year is. A. @ 30,000 B$300,000 c- $375000 o 35,000 6 On August 1 a machine was purshaced for $47,000 w/ a useful life of syears & residual value of e $9 400 What is the depreciation expense in the year of purshale and under straight line method assuming a Dec. 31. year-end A - $1,958 B. $1833 c- $3,667 P-$2917