Onix Oil recently purchased a new reserve in Texas for $15,000,000. the oil reserve is estimated to produce 20,000,000 gallons of oil. If Onix is able to produce 2,000,000 gallons from the reserve in Year 1 and 1,600,000 gallons in year 2, what is the amount of accumulated depletion Onix would record on the oil reserve at the end of year 2? a. $1,200,000 b. $1,500,000 c. $2,400,000 d. $2,700,000 e. $3,000,000