On March 31, 2021, M. Belotti purchased the right to remove gravel from an old rock

quarry. The cost of the quarry rights was $164,000, with estimated salable rock of 20,000

tons. During 2021, Belotti loaded and sold 4,000 tons of rock at December 31, 2021. At

January 1, 2022, Belotti estimated that 20,000 tons still remained. Belotti would record

depletion in 2021 of:

A) $41,000.

B) $32,800.

C) $30,750.

D) $24,600