Steel Rolling Corp

Steel Rolling Corp.purchased a mine,which holds an estimated 30,000 tons of iron ore,on January 1,2015,for $500,000.The corporation expects the asset to have zero residual value.The corporation has extracted 2,500 tons of ore in 2015 and 3,800 tons of ore in 2016.What is the depletion expense for 2015? (Do not round your intermediate calculations.)

A) $42,333
B) $41,667
C) $33,333
D) $42,667