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The Weber Company purchased a mining site for $657,886 on July 1. The company expects to mine ore for the next 10 years and anticipates

The Weber Company purchased a mining site for $657,886 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 86,125 tons will be recovered. During the first year the company extracted 4,449 tons of ore. The depletion expense is?

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