Santa Fe purchased the rights to extract turquoise on a tract of land over a five-year period. Santa Fe paid $300,000 for extraction. A geologist estimates that Santa Fe will recover 5,000 pounds of turquoise. During the current year. Santa Fe extracted 1500 pounds of turquoise. Which it sold for $200,000. What's Santa Fe's cost depletion expense for the current year? A. $60,000 B. 90,000 C. 110,000 D. 300,000 E. None of the choices are correct