Last Chance Mine (LCM) purchased a coal deposit for $1,506,450. It estimated it would extract 18,150 tons of coal from the deposit. LCM mined the coal and sold it, reporting gross receipts of $1.06 million, $8.3 million, and $4.8 million for years 1 through 3, respectively. During years 13, LCM reported net income (loss) from the coal deposit activity in the amount of ($16,300), $677,500, and $557,500, respectively. In years 13, LCM actually extracted 19,150 tons of coal as follows: (Leave no answer blank. Enter zero if applicable. Enter your answers in dollars and not in millions of dollars.)

(1)	(2)	Depletion (2)/(1)	Tons Extracted per Year
Tons of Coal	Basis	Rate	Year 1	Year 2	Year 3
18,150	$1,506,450	$83.00	3,900	10,050	5,200

a. What is LCM's cost depletion for years 1, 2, and 3?

b. What is LCM's percentage depletion for each year (the applicable percentage for coal is 10 percent)?

c. Using the cost and percentage depletion computations from parts (a) and (b), what is LCMs actual depletion expense for each year?