Weber Company purchased a mining site for $592,665 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 85,978 tons will be recovered. The estimated residual value of the property is $56,960. During the first year, the company extracted 4,893 tons of ore. The depletion expense is a. $53,570.50 b. $33,728.51 c. $30,486.92 d. $56,960.00