Answer:
the depletion would be recorded is $1,575,000
Explanation:
The computation of the depletion would be recorded is shown below;
Cost of land $5,000,000
Investment on land $1,100,0000
Less: Residual value -$250,000
Depreciable value $15,750,000
Now the depletion should be
= ($15,750,000 ÷ 500,000) × 50,000
= $1,575,000
Hence, the depletion would be recorded is $1,575,000
