Your client, Ramirez Copper Mining, acquired the rights to the copper deposits in a farmer's land for $2,100,000. The cost of extracting and processing the copper was $400,000 and $200,000, respectively. The copper yield produced 450,000 ounces of zinc. In 2020, Ramirez sold to various manufactures, 210,000 of these ounces. What is Ramirez's deductible depletion amount for the zinc in 2020? Round to nearest dollar. Multiple Choice $980,000 $1,1666,667 $1,260,000 (0) None of the above