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The Weber Company purchased a mining site for $646,629 on July 1. The company expects to mine ore for the next 10 years and anticipates

The Weber Company purchased a mining site for $646,629 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 87,098 tons will be recovered. During the first year the company extracted 4,188 tons of ore. The depletion expense is

a.$58,749.40

b.$31,074.96

c.$59,135.00

d.$28,248.93

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