EXAM 2 BUS 122 - Microsoft Word your Mwings Rew View 2. -A Aalbox Aalbox...
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EXAM 2 BUS 122 - Microsoft Word your Mwings Rew View 2. -A Aalbox Aalbox AaB AaBb AbbceAaBloe Normal No Spact Heading! Heading 2 Heading Title Font Su Item 5 Time Remaining 2 hours 49 minutes 25 seconds On March 31, 2021, M. Belotti purchased the right to remove gravel from an old rock quarry. The gravel is to be sold as roadbed for highway construction. The cost of the quarry rights was $298,800, with estimated salable rock of 36,000 tons. During 2021, Belotti loaded and sold 5,500 tons of rock and estimated that 30,500 tons remained at December 31, 2021. At January 1, 2022, Belotti estimated that 11,000 tons still remained. During 2022, Belotti loaded and sold 16,500 tons. Belotti uses the units-of-production method. Belotti would record depletion in 2021 of (Do not round depletion rate per ton.) Multiple Choice $45.650 $473.00 $34.238 $53.882 o e
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