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On May 1,2023, Hecala Mrung entered into an agreement with the state of New Mexico to obtain the rights to operate a mineral mine in

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On May 1,2023, Hecala Mrung entered into an agreement with the state of New Mexico to obtain the rights to operate a mineral mine in New Mexico for $10.4 milion, Additional costs and purchases includied the following Nher the mineras are removed from the mue, the equipinent wil be sold for an estimated resudual value of $11,000, The structures will be torn down state of New Merico. frual year ende on Decemberat Required: 1. beterrane thie amount of wilich Hecala war record the mune. staterment? 154000 pons of ore in 2075 approximately four years. Management has provided the following possible outlows for the restoration costs: Hecala's credit-adjusted risk-free interest rate is 9%. Duting 2024. Hecala extracted 124,000 tons of ote from the mine. The company's fiscal yeat ends on December 31 . Required: 1. Determine the amount at which Hecala will record the mine 2. Calculate the depletion of the mine and the depreciation of the mining focilities and equipment for 2024 , assuming that Hecala uses the units of production method for both depreclation and depletion. 3. How much accretion experise will the compary record in its income statement for the 2024 fiscal year? 4. Are depletoon of the mine and depreciation of the mining facilities and equipment reported as separate expenses in the income statement? 5. During 2025 . Hecals changed its estimate of the total amount of ore oniginally in the mine from 840,000 to 1040,000 tons: Calculste the depletion of the mine and depreciation of the mirung facilities and equipment for 2025 , assuming Hecala extracted 154,000 tons of ore in 2025 . Complete this question by entering your answers in the tabs below. Determine the amount at which Hecala will record the mine. approximately four yess. Management has provided the following possible outtiows for the restoration costs: Hecala's credi adfusted risk-free interest rate is 9%. Duing 2024 . Hecata exdracted 124.000 tons of ore from the mine. The comparys fiscal year ends on December 31 Required: 1. Determine the amount at Which Hecala will record the mine 2. Calculute the depieton of the mine and the deprecation of the mining facilities and equipment for 2024, astuming that Hectala 3:How much accietion experise wil the company record in its income statement for the 2024 fiscal year? 4. Are depletion of the mine and depreciabon of the ining fockties and equpment reporfed as sepsrate expenses in the incrome atatemeva? 5. Duing 2025 , Hecals changed its estimate of the total amount of ore onginally in the mine from B40,000 to 1040,000 tomk 154.000 toni of cie in 2025 Complete this question by enterieg vour answers in the tabs helaw. approwately fout years. Management has provided the following possible outflows for the festoration costs: Hecala's credit-adjusted tisk-free interest rate is 9%. During 2024. Hecala extracted 124,000 tons of ore from the mine. The company's fiscal year ends on December 31. Required: 1. Determine the amount at which Hecolo will record the mine. 2 Calculate the depletion of the mine and the depreciation of the mining fachities and equipment for 2024 , assuming that Hecala uses the units-of-production method for both depreciation and depletion. 3. How much accietion expense will the company record in its income statement for the 2024 fiscal year? 4. Are depletion of the mine and deprectation of the mining facilities and equipment reported as separate expenses in the income statement? 5. During 2025. Hecala changed its estimate of the total amount of ore onginally in the mine from 840,000 to 1040,000 tons: Calculate the depletion of the mine and depreciation of the mining focilities and equipment for 2025 , assuming Hecala extracted 154,000 tons of ore in 2025 : Complete this question by entering your answers in the tabs below. Haw much acoction expense will the coenpany record in its income statement for the 2024 fiscal vear? approximately four years, Management has provided the following possible outflows for the festoration costs: Hecala's credit-adjusted isk-free interest rate is 9%. During 2024. Hecala extracted 124,000 tons of ore from the mine. The company's fiscal year ends on December 31 . Required: 1. Determine the amount at which Hecala will record the mine: 2. Calculate the depletion of the mine and the depieciation of the mining lachities and equipmient for 2024, assuming that Hecalo tires the tnitt of production method for both depreciation and depletian 3. How much accietion expense will the company record in is income statement for the 2024 fiscal year? 4. Ale depletion of the mine and deprecation of the imining facilities and equipment reponted as separate expenses in the income statement? 5. During 2025. Hecola changed its estimate of the totat amount of ore orignally in the mine from 840,000 to 1040,000 tons. eateffite the depletion of the nune and depreciation of the mining focilies and equipment for 2025 , assuming Hecala extracted 154,000 tons of ore in 2025 Complete this question by antering your anwers in the tobs below. Are depletion of the rine and depeciation of the mining factites and equipenent reported as sepsrate expenses in the income statement? approximately four years. Management has provided the following possible outilows for the restoration costs: Hecala's credit-adjusted risk free interest rate is 9%. During 2024, Hecala extracted 124,000 tons of ore from the mine. The company's fiscal yearends on Decernber 31 . Required: 1. Determine the amount at which Hecala will record the mine 2 Calculate the depletion of the mine and the depreciation of the mining facilities and equipment for 2024, assuming that Hecala uses the units-of-production method for both depreciation and depletion. 3. How much accretion expense will the company record in its income statement for the 2024 fiscal year? 4. Are depletion of the mine and deprecation of the mining facilities and equipment reported as separate expenses in the income statement? 5. During 2025, Hecala changed its estimate of the total amount of ore oniginally in the mine from 840,000 to 1,040,000 tons. Calculate the depletion of the mine and depreciation of the mining facilities and equipment for 2025, assuming Hecala extracted 154.000 tons of ore in 2025 Complete this question by entering your answers in the tabs below. During 2025, Hecata changod its estimati of the total amount of ore originally in the mine from 840,000 to 1,040,000 tons. Calculate the depletion of the mine and deprecation of the mining facilities and equipment for 2025 , assuming Hecala entracted 154,000 tons of ore in 2025 . your angers in whole dollarts reanded to the nearest whole number

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