ABC Company uses the successful effort method and paid the following cost as exploration cost to explore oil in three holes; A, B, and C: exploration license $5,000,000, Leasing 3,000,000, restoration cost 1,000,000 in addition to the following costs: Cost A B C topographic studies 2,000,000 5,000,000 3,000,000 sampling 1,000,000 3,000,000 4,000,000 trenching 2,000,000 7,000,000 3,000,000 the company found feasible quantity of oil in A and C and considered B as a dried hole. total expected quantity in both wells is 6,000,000 barrel of oils. during the first period, the company produced 2,000,000 barrel of oil with a total production cost $10,000,000. based on this information, the depletion cost per barrel is Select one: a. $6.5/barrel b. $2.5/barrel c. $1.5/barrel d. $4/barrel