On March $1,2024,$ a company entered into an agreement with the state to obtain the rights to operate a

mineral mine for $$6$ million. The mine is expected to produce $140,000$ tons of mineral. As part of the

agreement, the company agrees to restore the land to its original condition after mining operations are

completed in approximately five years. Management has provided the following possible outflows for the

restoration costs that will occur five years from now: $($PV of $$1,$ PVA of $$1)$

The company's credit$-$adjusted risk$-$free interest rate is $10\%.$ During $2024,$ the company extracted $25,200$

tons of ore from the mine. How much accretion expense will the company record in its income statement

for the $2024$ calendar year?