KSN, Inc. is a mining company headquartered in Spain. In 2021, the company acquired a coal mine for $9,320,000. Additional exploration costs of $2,330,000 were incurred to find a more effective focus for mining operations in January of 2021. Additional development costs to get the mine back into working order totaled $3,495,000. Before selling the mine after the coal has been extracted, KSN, Inc. will need to restore the property to meet local environmental requirements (estimated present value of the obligation is $2,912,500 ), after which it can be sold for $610,000. KSN, Inc.'s accounting staff estimates that a total of 49,000 tons of coal can be extracted. In 2021,7,350 tons were extracted. In 2022 an additional 14,000 tons will be extracted. Since KSN, Inc. is headquartered in Spain, the company follows IFRS. The estimated market of the mine at the end of 2021 was $17,700,000. The estimated value for 2022 will be $14,400,000. No entries for the mine have been made in 2022. How much depletion was recognized in the year the mine was acquired? Your answer Which of the following line items would have been included in the company's entry for revaluation in the current year? Choose ALL that apply. Accumulated depletion Accumulated depreciation Accumulated impairment losses Depletion expense Depreciation expense Gain on change in market value Inventory Loss on depletion Loss on impairment PPE Revaluation surplus What will be the adjustment to the Accumulated Impairment Losses account in the current year? Which of the following line items would have been included in the company's 1p entry for depletion in the current year? Choose ALL that apply. Accumulated depletion Accumulated depreciation Accumulated impairment losses Depletion expense Depreciation expense Gain on change in market value Inventory Loss on depletion Loss on impairment PPE Revaluation surplus How much depletion will be recognized in the current year? Your