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During 2020, Concord Corporation acquired a mineral mine for $3700000 of which $395000 was ascribed to land value after the mineral has been removed. Geological

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During 2020, Concord Corporation acquired a mineral mine for $3700000 of which $395000 was ascribed to land value after the mineral has been removed. Geological surveys have indicated that 10 million units of the mineral could be extracted. During 2020, 1520000 units were extracted and 1300000 units were sold. What is the amount of depletion expensed for 2020? $481000 $502360. $395000. O $429650

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