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

Question 83

Multiple Choice

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.


A) $98,333.
B) $93,158.
C) $38,000.
D) $12,881.
E) $112,100.

Correct Answer:

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