=+4. Hyde Inc. purchased mineral rights estimated at 2,500,000 tons near Great Falls, Montana, for $3,600,000 on

Question:

=+4. Hyde Inc. purchased mineral rights estimated at 2,500,000 tons near Great Falls, Montana, for

$3,600,000 on August 7, 2008. During the remainder of the year, Hyde mined 175,000 tons ofore. What is the depletion expense for 2008?

A. $121,528

c. $1,500,000 B. $252,000 D. $3,600,000

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