ANSWER THE FOLLOWING:1. carryig amount of wasting asset as of December 31, 20262. carrying amount of the provision for decommissioning costs as of December 20263. calculate the total cost of wasting assets as of december 20244 depletion for 20265. depletion expense for 20256. carryig amount of wasting asset as of December 31, 20257. ong exploration provided the following balances of its retained earnings accountsunappropriated retained earnings - 5,000,000appropriated retained earnings - 2,000,000compute for the maximum dividends8. carrying amount of the provision for decommissioning costs as of December 2025

Ong Exploration Company purchased in 2024 a property that During 2025, the company extracted and sold 1,000,000 metric tons of contained certain mineral deposits for P45,000,000. Estimated recovery mineral, Further development costs of P750,000 were incurred and was 10,000,000 metric tons of deposits. Development costs of capitalized in 2026, and the estimate of total recoverable deposits P1,500,000 were also incurred in the same year, and these were (including the amount extracted in 2025) was revised to 9,250,000 properly capitalized by the company. metric tons. During 2026, the company recovered 1,500,000 metric The mining property was expected to be worth P6,000,000 after the tons. mineral deposits had all been removed, but will require restoration costs of P2,500,000. Based on the assessment of the company at the end of 2024, the extraction of resources from the site will last up to December 31, 2034. The company established a provision for restoration, discounting the expected restoration costs at the prevailing interest rate of 8%