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Porite Oil and Gas incurred costs of $16.8 million for the rights to extract resources from a natural gas deposit. The company expects to extract

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Porite Oil and Gas incurred costs of $16.8 million for the rights to extract resources from a natural gas deposit. The company expects to extract 8.0 million cubic feet of natural gas during a six-year period. Natural gas extracted during years 1 and 2 were 970,000 and 1,830,000 cubic feet, respectively. What was total depletion for year 1 and year 2, assuming the company uses the units-of-production method? Multiple Choice O $8.00 million $5.60 million $3,84 million $5.88 million

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