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Zane reports the following with respect to his granite quarry for 2018: Capitalized basis of the quarry $3,575,000 Estimated recoverable units 1,710,000 Units extracted 150,000

Zane reports the following with respect to his granite quarry for 2018:

Capitalized basis of the quarry $3,575,000

Estimated recoverable units 1,710,000

Units extracted 150,000

Gross income (120,000 units) 1,800,000

Expenses other than depletion 1,300,000

IRC depletion rate for granite 14%

What is Zane's depletion deduction for 2018?

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