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QUESTION 24 A coal company invests $18 million in a mine estimated to have 30 million tons of coal and no residual value. It is

QUESTION 24 A coal company invests $18 million in a mine estimated to have 30 million tons of coal and no residual value. It is expected that the mine will be in operation for 6 years. In the first year, 2 million tons of coal are extracted and sold. What is the depletion for the first year? O a. $5,000,000. O b. cannot be determined from the information provided. O c. $3,000,000. O d. $1,200,000

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