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Weber Company purchased a mining site for $682,922 on July 1. The company expects to mine ore for the next 10 years and anticipates that

Weber Company purchased a mining site for $682,922 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 94,434 tons will be recovered. The estimated residual value of the property is $44,224. During the first year, the company extracted 5,693 tons of ore. The depletion expense is Oa. $41,170.29 Ob. $38.504.22 Oc. $63,869.80 Od. $44.224.00

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