21000 points value Gsspe Mining Corp. bought mineral bearing land for $420,000 Engineers and geologists estimate that the site will yield To work the property, Gaspe bua structures and sheds on the site that cost S28000 these all Int O year. Miehinery hitest SS2 Olair tali h. nr. rdre de d Otter installation was S6 oo. This machinery should last 15 years ike that of he structures, the usefulness of the machi ery s coof ed to these mining operas s For both structures . d machin dismanting and removal costs when the property has been fully worked will approximately equal the value of the machinery at that time; therefore, Gaspe does not plen to use the structures or the machinery after the minerals have been removed. In the first year, Gaspe removed only 24,000 kilograms of ore; however, production was doubled in the second year It is expected thet all of the removable ore will be extracted within eight yea from the start of operations. Required: Prepare a schedule showing (7 unit and total depletion and depreciation and (2) net book value of the assets for the fiest and second years of operation. Use the productive output method of depreciation for all assets. (Round intermediate calculations and final answer unit values to two decimal places) De Book Value Initial Cost 538 420,000