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

On March 34,2024, a company purchased the right to remove gravel from an old rock outry. The gravel is to be sold as roadbed for highway construction. The cost of the quarry rights was $232.200, wth estimaned salable rock of 27,000 tons. During 2024, the company losoed and sold 5,900 toms of rock. On Janualy 1.2025, the company estimated that 17,700 tons still rembined. During 2025, the compony loaded and sold fllio0 tons. The company uses the units-of-production method.
The company would record depletion in 2025 in the amount of:
Nobe: Round cost per ton to two decimal places.
Multigle Choice
$124,230
$123350.
$126.950.

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