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Can you please help, I will give thumbs up if right! Jackpot Mining Company operates a copper mine in central Montana. The company paid $
Can you please help, I will give thumbs up if right!
Jackpot Mining Company operates a copper mine in central Montana. The company paid $ in for the mining site and spent an additional $ to prepore the mine for extraction of the copper. After the copper is extracted in approximately four years, the company is required to restore the land to its original condition, including repaving of roads and replacing a greenbelt. The company has provided the following three cash flow possibilities for the restoration costs: FV of $ PV of $ FVA of $ PVA of $ EVAD of $I and PVAD of $Use approprlate factors from the tables provided.
tableCash,Cutelow,Probabity$
To aid extraction, Jackpot purchased some new equipment on July for $ After the copper is removed from this mine. the equlpment will be sold for an estimated residual amount of $ There will be no residual value for the copper mine. The cred itadjusted riskfree rate of interest is
The company expects to extract million pounds of copper from the mine. Actual production was million pounds in and milion pounds in
Required:
Compute depletion and depreciation on the mine and mining equipment for and The unitsofproduction method is used to calculate depreciation. The expected formet for rounding is presented in the appropriate rows of the table. Round your final answers to nearest whole dollari
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