Bering Rock acquires a granite quarry at a cost of $590,000,which is estimated to contain 200,000 tons of granite and is expected to take 6 years to remove.Compute the depletion expense for the first year assuming 38,000 tons were removed and sold.
A)$98,333.
B)$93,158.
C)$38,000.
D)$12,881.
E)$112,100.

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The Answer of Bering Rock acquires a granite quarry at a cost of $590,000,which is estimated to contain 200,000 tons of granite and is expected to take 6 years to remove.Compute the depletion expense for the first year assuming 38,000 tons were removed and sold.
A)$98,333.
B)$93,158.
C)$38,000.
D)$12,881.
E)$112,100.

Bering Rock Acquires a Granite Quarry at a Cost of $590,000,which