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The Weber Company purchased a mining site for $663,320 on July 1. The company expects to mine ore for the next 10 years and anticipates

The Weber Company purchased a mining site for $663,320 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 96,957 tons will be recovered. During the first year the company extracted 4,723 tons of ore. The depletion expense is a. $54,311.00 b. $29,666.24 C. $60,900.90 d. $32,305.32

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