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On July 4, 2021. Waterway Mining Company purchased the mineral rights to a granite deposit for $1750000. It is estimated that the recoverable granite will

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On July 4, 2021. Waterway Mining Company purchased the mineral rights to a granite deposit for $1750000. It is estimated that the recoverable granite will be 400000 tons. During 2021, 106000 tons of granite was extracted and 60000 tons were sold. The amount of the Depletion Expense recognized for 2021 would be $422500. $222500. $262500. $142500

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