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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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