Multiple Choice Question 169 A coal company invests $15 million in a mine estimated to have 20 milion tons of coal and no salvage value. It is expected that the mine will be in operation for 5 years. In the first year, 1020000 tons of coal are extracted and sold. What is the depletion expense for the first year? O $306000 $765000 O $76500 Cannot be determined from the information providesd Question Attempts: 0 of 1 used SAVE FOR LATE