cli (172) 710 At the beginning of January 2016, Eldoret lid acquired a mine for sh 1,000,000 of this gmouat, sh. 2,000,000 was ascribed of the land value and the remaining portion to the minerals in the mine. Surveys conducted by geologists have indicated that approximately 240,000,000 units of a precious ore appear to be in the mine. Eldoret Ltd incurred sh. 3,500,000 of development costs associated with this mine prior to any extraction of minerals and estimates that it will require sh. 800,000 to prepare the land for an alternative use when all of the ore has been removed. During 2016, 10,000,000 units of ore were extracted and 8,400,000 of these units were sold. Required: i) Compute the total amount of cepletion for 2016. ii) Compute the cast of minerals sold in 2016. 1 18, 30010 2800 15,000,000 13500,000 impot at a coat hf sh. 3.200,000 on 11 May 2016. The (3 marks)