11. Jack acquires an oil well for $450,000. The estimate of recoverable units is 15,000 barrels. The expected useful life of the well is 6 years. Jack produces 2,500 barrels during the year and sells 2,000 barrels for $100,000. The taxable income from the activity, excluding the depletion deduction, is $80,000. The depletion percentage for oil is 15%. What is Jack's depletion deduction? Note: Enter a whole number only (round to the nearest whole number), do not enter a $ sign or a comma.