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The Weber Company purchased a mining site for $621,238 on July 1. The company expects...

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Accounting

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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