A Coal Mine Was Acquired for $2,000,000

Multiple Choice

A coal mine was acquired for $2,000,000.No salvage value was expected and the number of tons of coal is estimated to be 2,000,000 tons.During for first year,220,000 tons of coal was mined and sold.The depletion expense is:

A) $2,220,000.
B) $2,000,000.
C) $ 220,000.
D) $ 24,200.