Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,550,000 in 2024 for the mining site and spent an additional $710,000 to prepare 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: Note: Use tables, Excel, or a financial calculator. (FV of $1. PV of $1, EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) Cash Outflow Probability 1 $410,000 25% 2 510,000 710,000 40% 35% To aid extraction, Jackpot purchased some new equipment on July 1, 2024, for $249,000. After the copper is removed from this mine, the equipment will be sold for an estimated residual amount of $27,000. There will be no residual value for the copper mine. The credit-adjusted risk-free rate of interest is 10%. The company expects to extract 11.1 million pounds of copper from the mine. Actual production was 2.7 million pounds in 2024 and 4.1 million pounds in 2025. Required: 1. Compute depletion and depreciation on the mine and mining equipment for 2024 and 2025. The units-of-production method is used to calculate depreciation. Note: The expected format for rounding is presented in the appropriate rows of the table. Round your final answers to nearest whole dollar. Restoration costs: Possibility 1 Possibility 2 Possibility 3 Probable Cash outflow Probability Restoration Cost $ 410,000 25% 510,000 40% 710,000 35% Table or Calculator function: nw IN < Prev 8 of 13 Next > Required: 1. Compute depletion and depreciation on the mine and mining equipment for 2024 and 2025. The units-of-production method is used to calculate depreciation. Note: The expected format for rounding is presented in the appropriate rows of the table. Round your final answers to nearest whole dollar. Restoration costs: Possibility 1 Possibility 2 Possibility 31 Table or Calculator function: Present value of probable restoration costs Cost of copper mine: Mining site i Development cost Restoration cost Depletion (mine): Depletion per pound (##) Pounds extracted Depletion Depreciation expense (mining equipment) Depreciation per pound (##) Pounds extracted Depreciation expense Cash outflow Probability Probable Restoration Cost $ 410,000 25% 510,000 40% 710,000 35% 2024 2025 2024 2025 no