On April 17, 2016, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price plus additional costs necessary to prepare the mine for extraction of the coal totaled $4,950,000. The company expects to extract 990,000 tons of coal during a four-year period. During 2016, 249,000 tons were extracted and sold immediately.

Required:

1.	Calculate depletion for 2016. Depletion___________