The Weber Company purchased a mining site for $616,208 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 98,930 tons will be recovered. During the first year the company extracted 5,092 tons of ore. The depletion expense is a. $57,333.30 b. $31,723.16 c. 529,509.87 d. 542,875.00