Weber Company purchased a mining site for $592,533 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 80,953 tons will be recovered. The estimated residual value of the property is $43,969. During the first year, the company extracted 6,509 tons of ore. The depletion expense is a. $54,856.40 Ob. $44,107.11 Oc. $47,642.43 Od. $43,969.00 Previous Next