Belotti would record depletion in 2017 of:
A)$54,667.
B)$65,600.
C)$52,480.
D)$55,760.

Name: Belotti would record depletion in 2017 of: A)$54,667. B)$65,600. C)$52,480. D)$55,760.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To calculate depletion for 2017, we need to multiply the depletion rate per unit by the number of units sold. 
Depletion rate per unit = (720,000 - 60,000) / 12,000 units = $54 per unit. 
Number of units sold = 970 units. 
Therefore, total depletion for 2017 = $54 x 970 = $52,480. 
Hence, the correct answer is option C.

Belotti Would Record Depletion in 2017 Of