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On March 1, 2021, Janco purchased a producing oil well at a cash cost of $100,000. It is estimated that 250,000 barrels of oil can be produced over the remaining life of the well. By December 31, 2021 (end of the accounting period), 1,500 barrels of oil were produced and sold. What would be the amount of depletion expense for 2021 on this well? Multiple Choice $300 O $450 O $600 $750 O