6:09 &. O Information on ABC Co.'s mineral resource is shown below: Purchase price of mineral rights Exploration costs Extraction costs during the period Ore extracted during the period Ore sold during the period P 500,000 500,000 2,000,000 500,00007. 300,00002 At the commencement of ABC's extraction activities, it was estimated that the mineral resource has reserves of 2,000,000 ounces of ore. ABC's accounting policy is to capitalize exploration costs and subsequently measure them using the cost model. There are no ores held in inventory at the beginning of the current period. COMPUTE FOR THE DEPLETION DURING THE PERIOD. Answer: Question 2 Not yet answered Marked out of 1.00 P Flag question COMPUTE FOR THE DEPLETION RECOGNIZED AS EXPENSE DURING THE PERIOD. Answer: Next page