On April1, 2015, Fantastic Company, a calendar year entity, purchased the rights to mine. The total purchase price was P15,000,000, of which P2,000,000 was allocable to the land. Estimated reserves were 1,500,000 tons. The entity expects to extract and sell 25,000 tons per month. The entity purchased new equipment on April 1, 2015. The equipment was purchased for P8,000,000 and had a useful life of 8 years. However, after all the resource is removed, the equipment will be of no use and will be sold for P500,000. What is the depleted for 2015? 0 2.250.000 O 2.600.000 O 1.950,000 O 1.300.000