Oregon Ore purchased a vein of coal ore for $ 5 comma 300 comma 000...

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Accounting

Oregon Ore purchased a vein of coal ore for $ 5 comma 300 comma 000 $5,300,000. It is estimated that 30 comma 000 comma 000 30,000,000 tons of ore are available to be extracted. The estimated depletion expense for this year's extraction of 2 comma 800 comma 000 2,800,000 tons of ore is: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

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