On January $1,$ Whittle, Inc. purchased timber rights for $$2,000,000,$ which are expected to produce a total of $2,000,000$ cords of wood over $4$ years, after which it will be sold for $$500,000.$ The cords of wood cut were $200,000$ in the $1$st year and $280,000$ in the $2$nd year. Depletion for the $1$st year equals $\_\_\_\_\_\_.$

Multiple choice question.

$$150,000$

$$200,000$

$$500,000$

$$275,000$

$$400,000$