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20) On July 4, 2019, Wym Inc. purchased the mineral rights to a granite deposit for $1,600,000. It is estimated that the recoverable granite will

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20) On July 4, 2019, Wym Inc. purchased the mineral rights to a granite deposit for $1,600,000. It is estimated that the recoverable granite will be 400,000 tons. During 2019, 100,000 tons of granite was extracted. The amount of depletion recognized for 2019 would be a. $200,000. b. $120,000. c. $240,000. d. $400,000

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