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Question 21 points On March 31, 2017, Bedrock Company purchased the right to remove gravel from an old rock quarry. The gravel is to
Question 21 points On March 31, 2017, Bedrock Company purchased the right to remove gravel from an old rock quarry. The gravel is to be sold as roadbed for highway construction. The cet of the quarry rights was $328,000 with estimated salable rock of 40,000 tons. During 2017, Bedrock loaded and sold 8,000 tons of rock and estimated that 32.000 tons remained at December 31, 2017. During 2018, Bedrock loaded and sold 16,000 tons, but estimated at December 31, 2015 that 24,000 for Bedrock would record depletion in 2017 of O $49,200 O $61.500 O 565,600 O $82,000
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