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? Show work.

a. $200,000.

b. $120,000.

c. $240,000.

d. $400,000.