In $2023,$ the Marion Company purchased land containing a mineral mine for $$1,700,000.$

Additional costs of $$667,000$ were incurred to develop the mine. Geologists estimated

that $420,000$ tons of ore would be extracted. After the ore is removed, the land will have

a resale value of $$120,000.$

To aid in the extraction, Marion built various structures and small storage buildings on

the site at a cost of $$161,700.$ These structures have a useful life of $10$ years. The

structures cannot be moved after the ore has been removed and will be left at the site.

In addition, new equipment costing $$91,200$ was purchased and installed at the site.

Marion does not plan to move the equipment to another site, but estimates that it can be

sold at auction for $$3,000$ after the mining project is completed.

In $2023,52,000$ tons of ore were extracted and sold. In $2024,$ the estimate of total tons

of ore in the mine was revised from $420,000$ to $507,500.$ During $2025,82,000$ tons were

extracted, of which $62,000$ tons were sold.

Required:

Compute depletion and depreciation of the mine and the mining facilities and

equipment for $2023$ and $2024.$ Marion uses the units$-$of$-$production method to

determine depreciation on mining facilities and equipment.

Compute the book value of the mineral mine, structures, and equipment as of

December $31,2024.|$