On July 1, Year 1. Jones Company purchased a producing coal mine at a cash cost of $15.000.000. It is estimated that 4.000.000 tons of coa depletion expense on this mine for Year 1 would be: 0 $3,750,000. TO $ 500.000 $1.875.000. 05 937.500. mated that 4.000.000 tons of coal can be produced over the remaining life of the mine. By December 31. Year 1.500.000 tons of coal were produced and told. The amount of