MC Qu. 72 On March 31, 2018, M. Belotti purchased... On March 31, 2018, M. Belotti purchased the right to remove gravel from an old rock quarry. The gravel is to be sold as roadbed for construction. The cost of the quarry rights was $312,000, with estimated salable rock of 40,000 tons. During 2018, Belotti loaded and sold 4,100 tons of rock and estimated that 35,900 tons remained at December 31. 2018. At January 1, 2019, Belotti estimated that 12,300 tons stil remained. During 2019, highway Belotti loaded and sold 8,200 tons. Belotti uses the method. Belotti would record depletion in 2019 of (Round cost per ton to two decimal places.) Multiple Choice $199,834. $186,714 $188,914 $189,994 Next >