On January 1, 2017, BTS Company paid P5,400,000 for property containing natural resource of 2,000,000 tons of ore. The present value of the estimated cost of restoring the land after the resource is extracted is P450,000 and the land will have a value of P650,000 after it is restored for suitable use. Tunnels, bunk houses and other fixed installations are constructed at a cost of P8,000,000 and such expenditures are changed to mine improvements.Operations began on January 1, 2018 and resources removed totaled 600,000 tons. During 2019, a discovery was made indicating that available resource after 2019 will total 1,875,000 tons. At the beginning of 2019, additional bunk houses were constructed in the amount of P770,000. In 2019, only 400,000 tons were mined because of a strike. What amount should be recorded as depletion for 2017: (Round-off to nearest peso) Your answer What amount should be recorded as depletion for 2018: (Round-off to nearest peso) Your answer What is the depletion rate in 2017: (Round-off to two decimal places) Your answer What is the depletion rate in 2018: (Round-off to two decimal places) Your