Question: ! Required information Problem 1 6 . 0 4 1 - Ederly Quarry sells a wide variety of cut limestone Ederly Quarry sells a wide

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Required information
Problem 16.041- Ederly Quarry sells a wide variety of cut limestone
Ederly Quarry sells a wide variety of cut limestone for residential and commercial building construction. A recent quarry expansion cost $2.400 million and added an estimated 120000 tons of reserves.
\table[[Year,1,2,3,4,5],[Volume,1000 Tons,10,9,15,14.00,18],[Price, $ per Ton,75,70,70,78.0,85]]
Problem 16.041.a - Calculate cost depletion allowance for the next 5 years using the given data
Estimate the cost depletion allowance for the next 5 years, using the projections made by the owner, John Ederly. (Round the final answer to three decimal places.)
The cost depletion allowance for the next 5 years is estimated to be $
! Required information Problem 1 6 . 0 4 1 -

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