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Sachin owns a platinum mine w basis of $30,000,000 and estimated reserves of 1,500,000 grams of platinum. He extracted 90,000 grams and sold 150,000 at

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Sachin owns a platinum mine w basis of $30,000,000 and estimated reserves of 1,500,000 grams of platinum. He extracted 90,000 grams and sold 150,000 at $35 per gram in 2020. Sachin's taxable income before the depletion deduction is $2,000,000. What is Sachin's percentage depletion deduction in 2020? O None of these O $1,000,000 O $1,155,000 O $3,000,000 O $693,000 Sachin owns a platinum mine with a basis of $30,000,000 and estimated reserves of 1,500,000 grams of platinum. He extracted 90,000 gr and sold 150,000 at $35 per gram in 2020. Sachin's taxable income before the depletion deduction is $ 00,000. What is Sachin's percentage depletion deduction in 2020? O None of these o $1,000,000 O $1,155,000 $3,000,000 O $693,000

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