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Weber Company purchased a mining site for $ 6 8 0 , 0 2 9 on July 1 . The company expects to mine ore

Weber Company purchased a mining site for $680,029 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 97,050 tons will be recovered. During the first year, the company extracted 4,776 tons of ore. The depletion expense is
a. $63,388.40
b. $46,145.00
c. $33,479.76
d. $31,194.54

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