Question 13 of 15 < > View Policies Current Attempt in Progress -/3.3 E A coal company invests $15 million in a mine estimated to have 20 million tons of coal and no salvage value. It is expected that the mine will be in operation for 5 years. In the first year, 1030000 tons of coal are extracted and sold. What is the depletion expense for the first year? $772500 O $309000 O $77250 O Cannot be determined from the information provided. eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer