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Business, 21.04.2021 04:30 mimithurmond03

A company acquires a natural resource for​ $1,200,000 and spends another​ $520,000 on development of the site and​ $370,000 for a nonmovable tangible asset installed at the site and​ $150,000 for tangible movable equipment. Both assets have an expected useful life of 10 years. The natural resource is expected to yield​ 200,000 units over its expected life. In year​ 1, 10,000 units are extracted from the resource. What is the depletion expense for year​ 1? (Round any intermediary calculations to the nearest​ cent, and round your final answer to the nearest​ dollar.) A. ​$86,000 B. ​$104,500 C. ​$60,000 D. ​$112,000

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