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The Weber Company purchased a mining site for $690,286 on July 1. The company expects to mine ore for the next 10 years and anticipates

The Weber Company purchased a mining site for $690,286 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 98,710 tons will be recovered. During the first year the company extracted 4,149 tons of ore. The depletion expense is

a.$64,623.60

b.$44,050.00

c.$29,001.51

d.$27,162.73

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