Zabrinski Company purchased oil rights on July 1, 2018 for $3,200,000. If 200,000 barrels of oil are expected to be extracted over the asset's life and 30.000 barrels are extracted and sold in 2018, the amount of depletion expense recorded on December 31, 2018 would be Select one: a. $480,000 b. $540,000 c $320,000 d. $200,000