On April 1, Year 1, Fossil Energy Company purchased an oil producing well at a cash cost of $8,800,000. It is estimated that the oil well contains 740,000 barrels of oil, of which only 640,000 can be profitably extracted. By December 31, Year 1, 32,000 barrels of oil were produced and sold. What is depletion expense for Year 1 on this well? (Do not round intermediate calculations.):

Which one of the following statements is true? ddt does not prevent disease from passing from agricultural animals to humans. cost was a major factor in the united states government's decision to ban ddt. many african governments concluded that the potential long-term health effects of ddt were not as serious as the immediate problem of insect control. ddt cannot accumulate in the fat of animals. the ddt ban in the united states has made it very difficult to control agricultural insect pests.