The Weber Company purchased a mining site for $621,238 on July 1. The company expects...
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The Weber Company purchased a mining site for $621,238 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 81,280 tons will be recovered. During the first year the company extracted 5,647 tons of ore. The depletion expense is
a. $57,404.90
b. $39,882.56
c. $47,189.00
d. $43,143.08
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