Question: PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU! Jackpot Mining Company operates a copper mine in central Montana. The company pald
PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU!







Jackpot Mining Company operates a copper mine in central Montana. The company pald $1,450,000 in 2021 for the mining site and spent an additional $690,000 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: (FV of $1, PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1 Cash Outflow Probability $390,000 25% 490,00 45% 699, eee 30% To ald extraction, Jackpot purchased some new equipment on July 1, 2021, for $140,000. After the copper is removed from this mine, the equipment will be sold for an estimated residual amount of $31,000. There will be no residual value for the copper mine. The credit-adjusted risk-free rate of Interest is 10% The company expects to extract 10.9 million pounds of copper from the mine. Actual production was 2.5 million pounds in 2021 and 3.9 million pounds in 2022 Required: 1. Compute depletion and depreciation 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.) Restoration costs: Cash outflow Probability Probable Restoration Cost S Possibility 1 Possibility 2 Possibility 3 390,000 490,000 690,000 25% 45% 30% Table or Calculator function: Present value of probable restoration costs Cost of copper mine: Mining site Development cost Restoration cost 2021 2022 Depletion expense (mine): Depletion per pound (= =**) Pounds extracted Depletion expense Depreciation expense (mining equipment) Depreciation per pound (# ) Pounds extracted Depreciation expense 2021 2022 IABLE 1 Future Value of $1 FV - $1(1+i)" M 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% .0% 53% 1 1.01000 1.01500 1.02000 1.02500 1.08000 1.03500 1.04000 1.04500 1.000 1.05500 2 1.02010 1.03022 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250 1.11303 3.103030 104568 106121 107689 109273 110872 117486 114117 115763 117494 4 1.04000 1.00130 1.05243 1.10381 1.12551 1.14752 1.10946 1.19252 1.21551 12852 5 1.05101 1.07728 1.10408 1.13141 1.15927 1.18769 1.21665 1.24618 1.27628 130696 0.0% 7.0% 1.000 1.07000 1.12360 1.14490 119102122504 1.20248 1.31050 1.33823 1.40255 8.0% 1.000 1.16610 125971 1.90019 1.46933 0.0% 10.0% 1.09000 1.10000 1.16610 1.21000 129503133100 .41158 1.40110 1.53862 1.61051 0.0% 1.11000 1.23210 136763 1.51807 1.68506 12.0% 1.12000 1.25440 40493 1.57352 1.76234 20.0% 1.20000 1.44000 1 72800 2.07300 2.48832 2.98598 3.58318 6 1.06152 1.09311 1.12616 1.15969 1.19105 1.22926 1.26532 1.30226 1.31010 117881 1.11852 7 1.07214 1.10984 1.14509 1.18809 132957 1.27228 1.31593 1.38056 1.40210 1.45405 1.50303 8 1.08286 1.12619 1.17166 1.21840 1.26677 1.31681 1.36857 1.42210 1.47746 1.53469 .59385 9 109309 114719 1.19509 124886 110477 136290 142331 148610 155133161909168948 10 1.10402 1.16054 1.21899 1.29008 114992 1.41000 1.48024 1.5529! 1.02989 1.70514 1.79085 1.50073 1.60575 1.71819 183846 1.96715 1.58087 1.71382 1.85093 199900 2.15892 1.67710 1.82804 1.99256 217189 2.36738 1.77156 1.94572 2.14359 21.5795 249974 1.87011 1.97382 2.07010 2.21065 2.30454 2.47596 255804 27730R 2.839423.10585 4.29982 S 15978 0.19174 11 111567 117795 124337 131209 178423 145997 1.57945 1622RS 171034 1507091898302 104R5 12 1.12683 1.19562 1.26821 1.31989 1.12576 1.51107 1.60103 1.09588 1.29586 1.90121 2.01220 2.25219 13 1.13809 1.21355 1.29361 1.37851 1.46853 1.56396 1.66507 1.77220 1.88565 2.00577 2.13293 2.409R5 14 1.14947 123176 131948 1.41297 151259 101809 171108 1 R5194 1 999 2118092 200902578 15 1.16097 1.25023 1.91567 1.41830 1.55791 1.67535 1.80091 1.93526 2.07893 223248 2.39656 2.75900 273164 258043 285312 2.51817 2.81.260 3.13813 2.71962 3.06580 3.45227 2 99719 334173 379750 3.17217 3.612181.17725 315176 347855 3.19815 3.89598 3.88328 4.36349 431044 488711 1.781595,47357 743008 8.91610 10.69932 12.83918 15.10702 16 1.1725 1.26899 1.37219 1.48451 1.60471 1.73399 1.87298 2.02237 2.18287 225326 17 1.18430 1.28802 1.40024 1.521621.65285 1.79468 1.94790 2.11338 2.29202 2.48180 18 1.19615 1.30734 1.12825 1.55966 1.70243 1.85719 2.02582 2.20818 2.10662262147 19 1.208 1.32095 1.45681 1.59865 1.75351 1.92250 2.10635 2.30786 2.52695 2.76565 20 1.22019 1.14686 1.48595 1.63862 1.80611 1.98979 2.19112 2.41171 265330 291776 2.54035 2.69277 2.85134 3.02560 3.20714 2.95216 3.42394 3.15862 3.70002 3.379933.99602 3.61653 4.31570 356965 466096 3.97031 4.32763 1.71712 5.14166 5.60441 4.59491 5.05447 555992 6.1591 6.727.50 5.31089 6.19039 5.895096.86604 6.51355 7.68997 7.26334 8.61276 8.06231 9.64679 18.48843 22.18611 26.62333 3 1.94800 38.33760 21 1.23239 136706 1.51567 167958 1.86019 2.05943 2.27877 2.52034 2.78596 3.07823 3.39956 4.14056 5.03383 6.10881 7.40025 8.94917 10.80385 46.00512 33 1.28243 1.45095 1.64061 1.85394 2.09978 2.36324 2.66594 3.00543 3.38035 3.813394.291875.42743 6.84848 8.02308 10.83471 13.58540 17.00006 95.39622 30 1.34785 1.56308 1.81136 2.09757 2.42726 2.80679 3.24340 3.74532 4.32194 498395 5.74349 7.61226 10.06266 13.26768 17.4-1940 22.89230 29.95992 237.37631 40 1.48886 181402 220804 268506 396704 395926 480102 501636 703999 8.51331 1028572 1497446 21.72452 31.40942 4525976 65.00087 93 05097 1469 77160
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