In 2005, Sunflower Co. (Sunflower) acquired a gold mine in Eastern Mindanao. Because the mine is located deep in the Mindanao frontier, Sunflower was able to acquire the mine for a low price of 50,000. In 2006, Sunflower constructed a road to the silver mine costing 5 million improvements and other development costs made in 2006 cost 750,000. Because of the improvements to the mine and to the surrounding land, it is estimated that the mine can be sold for 600,000 when mining activities are complete.

During 2007, five buildings were constructed near the mine site to house the mine workers and their families. The total cost of the five buildings was 2 million. Estimated residual value is 200,000. In 2006, geologists estimated that 4 million tons of silver ore could be removed from the mine for refining.

During 2008, the first year of operation only 500,000 tons of silver ore were removed from the mine. However, in 2009, workers mined 1 million tons of silver. During that same year, geologists discovered that the mine contained 3 million tons of silver ore in addition to the original 4 million tons.

Development costs of P1.3 million were able to mine early in 2009 to facilitate the removal of the additional silver. Early in 2009, an additional building was constructed at a cost of 375,000 to house the additional workers needed to excavate the added silver. The building is not expected to have any residual value.

Compute for the depletion and depreciation for 2008 and 2009. Kindly provide solutions.