In $2024,$ the Willam Jesse Company purchased land containing a mineral mine flor $$1,790,000,$ Additional costs of $$776,000$ were incurred to develop the mine. Geologists entimated that $350,000$ tons of one would be extractied. Aher the ore is removed, the land wall have a resale value of $$m6,000.$

To ald in the extraction, Wilam Jesse builti various structures and small storage buildings on the sibe at a cost of $$116,000.$ These structures have a useful life of $90$ years. The structures cannot be moved after the ore has been removed and will be liet at the ste. In addion, new equipment eorting $$79,000$ was purchased and installed at the slite. Willam Jesse does not plan so move the equipment to another size, but estimates that it can be sold at auction for $$4,500$ aher the mining project is completed.

In $2024,69,000$ tons of ore were extracted and sold. In $2025,$ the estimate al tatal tons of ore in the mine was revised from $350,000$ to $462,400.$ During $2025,78,000$ tons were extractled.

Aequired:

$4.$ Cempute depletion and depreciation of she mine and the mining facilises and equlpment for $2024$ and $2025.$ Whilam Jesse uses the units$-$ol$-$production method to deternine depreciation on mining facilities and equipment.

$2.$ Compute the book value of the mineral mine, structures, and equipment as of December $3$t$,2025.$

Cemplete this question by entering you answers in the taba below.

Required: $1$

Required $2$

Compute depletion and depreciation of the mine and the nining facllities and equipment for $2024$ and $2025,$ wiflum lesse was the units$-$of$-$production mathod to determine depreciation on mining factities and equipment.

rott: De hot round lietermediats calculations.

$\backslash$table$[[,2444,2841],[$Deviation$,,],[,,]]$Required:

Compute depletion and depreciation of the mine and the mining facilies and equipues for $2024$ and $2025.$ Willym Jesse uses the units$-$cl$-$production method to debermine depreciation on mining faclisies and equipmere.

Compute the book value of the mineral mine, structures, and equipment as of December $34,2025.$

Complete this question by entering yeur answers in the tabs below.

Rebured?

Compute depletion and depredation of the mine and the maning facllies and equipmere for $2024$ and $2025.$ Willium Jesse Whes the units$-$of$-$production method to determine depreciation on mining facilities and equipmerc.

$\backslash$table$[[,2524,2025],[$Deplution$,,],[$Depreciation for Structures,,$8],[$Devredative for Eguernert,,$]]$Nequired:

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

Compute the book value of the mineral mine, structures, and equipment as of December $3$t$,2025.$

Complete this questifat by entering your anawers in the tabs below.

Required $1$

Required $2$

Compute the book whiet of the mineral mine, atructures, and equipment as of December $31,2025.$

Wots: Do not reven intermediate calculations.

$\backslash$table$[[,$Bech Whit$],[$Minersemine$,],[$Studiens$,],[$Equmary$,]]$