Weber Company purchased a mining site for $625,511 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 81,754 tons will be recovered. The estimated residual value of the property is 547,521 . During the first year, the company extracted 5,901 tons of ore. The depletion expense is a. 345,149.36 b. 557,799.00 c. 547,521.00 d. 541,719.29