Question: On March 3 1 , 2 0 2 4 , a company purchased the right to remove gravel from an old rock guatry. The gravel

On March 31,2024, a company purchased the right to remove gravel from an old rock guatry. The gravel is to be sold as roadbed for highwivy construction. The cost of the quarry rights was $564900, with estimaned salabile nock of 20,000 sons. During 2024, the company losied and sold 4.000 tons of rock. On January L,2025, the company estimated that 20,000 tons shil remained. During 2025. the company loaded and sold 8.000 tons. The company uses the units-of-production method.
The company would record depletion in 2025 in the amount of:
Multiple Choice
$55,600.
555360
512,480
54,667
On March 3 1 , 2 0 2 4 , a company purchased the

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