On July 4, 2020, Wyoming Mining Company purchased the mineral rights to a granite deposit for $2,400,000. It is estimated that the recoverable granite will be 400,000 tons. During 2020,100,000 tons of granite was extracted and 60,000 tons were sold. The amount of depletion expensed for 2020 would be $180,000. $360,000.$300,000. $600,000