$In2024,$ the William Jesse Company purchased land containing a mineral mine for $$1,600,000.$ Additional costs $of$ $$600,000$ were incurred $to$ develop the mine. Geologists estimated that $400,000$ tons $of$ ore would $be$ extracted. After the ore $is$ removed, the land will have a resale value $of$ $$100,000.$

$To$ aid $in$ the extraction, William Jesse built various structures and small storage buildings $on$ the site $at$ a cost $of$ $$150,000.$ These structures have a useful life $of10$ years. The structures cannot $be$ moved after the ore has been removed and will $be$ left $at$ the site. $In$ addition, new equipment costing $$80,000$ was purchased and installed $at$ the site. William Jesse does not plan $to$ move the equipment $to$ another site, but estimates that $it$ can $be$ sold $at$ auction for $$4,000$ after the mining project $is$ completed.

$In2024,50,000$ tons $of$ ore were extracted and sold. $In2025,$ the estimate $of$ total tons $of$ ore $in$ the mine was revised from $400,000to487,500.$ During $2025,80,000$ tons were extracted.

Required:

Compute depletion and depreciation $of$ the mine and the mining facilities and equipment for $2024$ and $2025.$ William Jesse uses the units$-of-$production method $to$ determine depreciation $on$ mining facilities and equipment.