In 2018, the Marion Company purchased land containing a mineralmine for $1,670,000. Additional costs of $638,000 were incurred todevelop the mine. Geologists estimated that 400,000 tons of orewould be extracted. After the ore is removed, the land will have aresale value of $108,000. To aid in the extraction, Marion builtvarious structures and small storage buildings on the site at acost of $132,000. These structures have a useful life of 10 years.The structures cannot be moved after the ore has been removed andwill be left at the site. In addition, new equipment costing$91,000 was purchased and installed at the site. Marion does notplan to move the equipment to another site, but estimates that itcan be sold at auction for $3,000 after the mining project iscompleted. In 2018, 57,000 tons of ore were extracted and sold. In2019, the estimate of total tons of ore in the mine was revisedfrom 400,000 to 434,300. During 2019, 91,000 tons were extracted.Required: 1. Compute depletion and depreciation of the mine and themining facilities and equipment for 2018 and 2019. Marion uses theunits-of-production method to determine depreciation on miningfacilities and equipment. 2. Compute the book value of the mineralmine, structures, and equipment as of December 31, 2019.

Compute depletion anddepreciation of the mine and the mining facilities and equipmentfor 2018 and 2019. Marion uses the units-of-production method todetermine depreciation on mining facilities and equipment. (Roundthe intermediate calculation to 3 decimal places.)

	2018 2019 Depletion Depreciation for Structures Depreciation for Equipment