Vaughn Manufacturing acquired a tract of land containing an extractable natural resource. Vaughn is required by its purchase contract to restore the land to a condition suitable for recreational use after it has extracted the natural resource. Geological surveys estimate that the recoverable reserves will be 2580000 tons, and that the land will have a value of $960000 after restoration. Relevant cost information follows: If Vaughmmaintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material? Bonita Industries owns machinery witha book value of $767000. It is estimated that the machinery will generate future cash flows of \$720000. The machinery has a fair value of $566000. Bonita should recognize a loss on impairment of $0$201000$47000$154000 Bonita Industries purchased a depreciable asset for $575000 on January 1,2018 . The estimated salvage value is $62000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Bonita changed its estimates to a total useful life of 5 years with a salvage value of $99000. What is 2021 depreciation expense? $82800 $57000 $171000 $152500