Santa fe purchased the rights to extract turquoise on a tract of land over a five-year period. santa fe paid $300,000 for extraction rights. a geologist estimated that santa fe will recover 5,000 pounds of turquoise. during the past several years, 4,000 pounds were extracted. during the current year, santa fe extracted 1,500 pounds of turquoise, which it sold for $250,000. what is santa fe's cost depletion expense for the current year?

1

explanation:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.