On May 1, 2021, Hecala Mining entered into an agreement with the state of New Mexico to obtain the rights to operate a mineral mine in New Mexico for $10.8 milion. Additional costs and purchases included the following (FV of $, PV of $1. PVA of S1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.): After the minerals are removed from the mine, the equipment will be sold for an estimated residual value of $12,000. The structures will be toen down. Geologists estimate that 880,000 tons of ore can be extracted from the mine. After the ore is removed the land will revert back to the state of New Mexico. The contract with the state requires Hecala to restore the land to its original condition after mining operations are completed in approximately four years. Management has provided the following possible outfows for the restoration costs: Hecala's credit-adjusted risk-free interest rate is 7%. During 2021 , Hecala extracted 128,000 tons of ore from the mine. The compary's fiscal year ends on December 31 . Required: 1. Determine the amount at which Hecalo will record the mine. 2. Calculate the depletion of the mine and the depreciation of the mining faclities and equipment for 2021, assuming that Hecala uses the units-of-production method for both depreciotion and depletion. 3. How much accretion expense wil the company record in its income statement for the 2021 fiscal year? 4. Are depletion of the mine and depreciation of the mining facilities and equipment reported as separate expenses the income statement? 5. During 2022, Hecala changed its estimate of the total amount of ore originally in the mine from 880,000 to 1.080,000 tons. Calculate the depletion of the mine and depreciation of the mining facities and equipment for 2022 essuming Hecala extracted 158,000 tons of ore in 2022 . 3. How much accretion expense will the company record in its income 4. Are depletion of the mine and depreciation of the mining facilities and equipment reported as separate ex| 4. Are depletion of the mine and depreciation of the mining facilities and equipment reported as separate expenses in the income statement? 5. During 2022, Hecala changed its estimate of the total amount of ore originally in the mine from 880,000 to 1,080,000 tons. Calculate the depletion of the mine and depreciation of the mining facilities and equipment for 2022 assuming Hecala extracted 158,000 tons of ore in 2022. Complete this question by entering your answers in the tabs below. Determine the amount at which Hecala will record the mine. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 1. Uuring 2022, Hecala changed its estimate of the total amount of ore originally in the mine from 880,000 to 1,080,000 tons. Calculate the depletion of the mine and depreciation of the mining facilities and equipment for 2022 assuming Hecala extracte 58,000 tons of ore in 2022 . Complete this question by entering your answers in the tabs below. Calculate the depletion of the mine and the depreciation of the mining facilities and equipment for 2021, assuming that Hecala uses the units-of-production method for both depreciation and depletion. (Do not round your intermediate calculations. Round "Depreciation" and "Depletion" rates to 4 decimal places. Round your final answers to the nearest whole dollar.) 3. How much accretion expense will the company record in its income 4. Are depletion of the mine and depreciation of the mining facilies and equipment reported as separate exp statement? Whing facilities and equipment reported as separate expenses in the income Calculate the depletion of the mine and of the originally in the mine from 880,000 to 1.080,000 tons Caiculate the depletion of the mine and depreciation of the mining facilities and equipment for 2022 assuming Hecala extracted 158,000 tons of ore in 2022. Complete this question by entering your answers in the tabs below. How much accretion expense will the company record in its income statement for the 2021 fiscal year? (Do not round intermediate calculations. Round your firal answer to nearest whole dollar.) 3. How much accretion expense will the company record in its income 4. Are depletion of the mine and depreciation of the mining facilities and equipment reported as separate ex statement? statement? 5. During 2022, Hecala changed its estimate of the total amount of ore originally in the mine from 880,000 to 1.080,000 tons. Calculate the depletion of the mine and depreciation of the mining facilities and equipment for 2022 assuming Hecala extracted 158,000 tons of ore in 2022. Complete this question by entering your answers in the tabs below. Are depletion of the mine and depreciation of the mining facilities and equipment reported as separate expenses in the income statement? statement? 5. During 2022, Hecala changed its estimate of the total amount of ore originally in the mine from 880,000 to 1,080,000 tons. Calculate the depletion of the mine and depreciation of the mining facilities and equipment for 2022 assuming Hecala extracted 58,000 tons of ore in 2022. Complete this question by entering your answers in the tabs below. During 2022, Hecala changed its estimate of the total amount of ore originally in the mine from 880,000 to 1,080,000 tons. Calculate the depletion of the mine and depreciation of the mining facilities and equipment for 2022 assuming Hecaia extracted 158,000 tons of ore in 2022. (Do not round your intermediate calculations. Round "Depreciation" and "Depletion" rates to 4 decimal places. Round your final answers to the nearest whole dollar.)