Accounting

A coal company invests $11600000 in a mine estimated to have 20500000 tonnes of coal and no residual value. It is expected that the mine will be in operation for 5 years. In the first year, 960000 tonnes of coal are extracted and sold. What is the depreciation included in cost of goods sold for the first year? $543220 $232000 $54322 O cannot be determined from the information provided IP Sci Save for Later