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

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 and sold.

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