A company purchased a mineral deposit for $820,000. It expects this property to produce 1,280,000...
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Accounting
A company purchased a mineral deposit for $820,000. It expects this property to produce 1,280,000 tons of ore and to have a salvage value of $80,000. In the current year, the company mined and sold 86,000 tons of ore. Its depletion expense for the current period equals: Do not round the depletion per unit. Round your final answer to a whole dollar amount.
$166,000
$160,000
$50,369
$49,719
$734,000
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