11. Freeport-McMoRan Copper \& Gold Inc. is one of the world's largest copper and gold mining and production companies with annual revenues exceeding $16 billion. Assume that in February 2020, Freeport-McMoRan paid $700,000 for a mineral deposit in Indonesia. During March, it spent $74,000 in preparing the deposit for exploitation. It estimated that 900,000 total cubic yards could be extracted economically. During 2020, 60,000 cubic yards were extracted. During January 2021, the company spent another $6,000 for additional developmental work that increased the estimated productive capacity of the mineral deposit. a. Calculate the acquisition cost of the deposit in 2020. b. Calculate depletion for 2020. c. Calculate the net book value of the deposit after paying out development costs in Jan 2021