ACCT Mining Ltd paid $6 million for a mining property on 1 July 2019 after the geologists of the exploration company estimate that a gold deposit found on the property would produce 40 000 ounces of gold. In each of the years 2019-2020 and 2020-2021, ACCT spent $250 000 per annum developing the property and, during 2020-2021, the company purchased and installed the following assets: Asset Cost Estimated useful life Mine building $500 000 25 years Mining equipment $800 000 15 years 10 years Processing equipment $250 000 The buildings and mining equipment cannot be economically removed from the mine site, but the processing equipment can be removed. On 30 June 2021, engineers estimate that development and construction activities have resulted in $800 000 worth of restoration costs that ACCT is obligated to spend at the end of the mine's life under commonwealth legislation. The company nominates a discount rate of 7% as relevant for its gold operations. Production started on 1 July 2021 and company geologists estimate that it will take eight years to exhaust the economically recoverable reserves. Activities in the 2021-22 financial period are summarised below. Ounces of gold mined 5 000 Ounces of gold sold 4 500 Selling price per ounce $450 Production costs (before depreciation and amortization) $500 000 Administration expenses $100 000 Selling expenses $200 000 Restoration costs $180 000 Income tax expense $150 000 REQUIRED: (1) What are the depreciation expense and the amortisation expense for the year ended 30 June 2022. (10 marks) (2) What is the cost of goods sold for the year ended 30 June 2022. (5 marks) (3) What is the finance cost related to the restoration for the year ended 30 June 2022? (3 marks) No journal entry is required. No Narration is required. Show your calculations. Round to the nearest $ amount