CHAPTER 11 - POST-CLASS ACTIVITY Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,050,000 in 2021 for the mining site and spent an additional $610,000 to prepare the mine for extraction of the copper After the copper is extracted in approximately four years, the company is required to restore the land to its original condition, including repaving of roads and replacing a greenbelt. The company has provided the following three cash flow possibilities for the restoration costs of $1. Prof. EVA S PA of St. EVAD S1 and PVAD 5.1 (Use appropriate factor(s) from the tables provided.) $310,000 410,000 610.000 To aid extraction, Jackpot purchased some new equipment on July 2021 for $220,000. After the copper is removed from this mine. the equipment will be sold for an estimated residual amount of $18.000 There will be no residual value for the coppermine. The credit adjusted risk-free rate of interest is 10% The company expects to extract 101 million pounds of copper from the mine. Actual production was 17 million pounds in 2021 and 3.1 million pounds in 2022 Required: 1. Compute depletion and depreciat on the mine and mining equipment for 2021 and 2022. The units of production method is used to calculate depreciation (The expected format for rounding is presented in the appropriate rows of the table. Round your final answers to nearest whole dollar) answers to nearest whole dollar.) Probable Restoration Restoration costs: Cash outflow Probability Possibility 1 Possibility 2 Possibility 3 310.000 410 000 25% 40% 35% 610 000 Table Calculator function