Multiple Choice Question 169 A coal company invests $15 million in a mine estimated to have 20 million tons of coal and no salvage value. It is expected that the mine will be in operation for 5 years. In the first year, 940000 tons of coal are extracted and sold. What is the depletion expense for the first year? O $705000 O $70500 O $282000 O Cannot be determined from the information provided