The Weber Company purchased a mining site for $534,246 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 98,745 tons will be recovered. During the first year the company extracted 4,912 tons of ore. The depletion expense is a.$41,701.00 b.$49,254.50 c.$24,501.30 d.$26,573.92

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The Weber Company purchased a mining site for $534,246 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 98,745 tons will be recovered. During the first year the company extracted 4,912 tons of ore. The depletion expense is

a.$41,701.00
b.$49,254.50
c.$24,501.30
d.$26,573.92
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