A company purchased a mineral deposit for $780,000. It expects this property to produce 1,180,000 tons of ore and to have a salvage value of $48,000. In the current year, the company mined and sold 88,000 tons of ore. Its depletion expense for the current period is equal to:

Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?