Weber Company purchased a mining site for $641,073 on July 1. The company expects to mine are for the next 10 years and anticipates that a total of 93,542 tons will be recovered. The estimated residual value of the property is $58,034. During the first year, the company extracted 4,433 tons of ore. The depletion expense is a. $58,303.90 Ob. $27,630.50 Oc. $30,380.76 Od. $58,034.00
