On May 1,2024. 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 $10,4 million. Additional costs and purchases included the following: Note: Use tables, Excel, or o financial calculator. (FV of S1. PV of S1. EVA of S1. PVA of \$1. EVAD of S1 and PVAD of S1) After the minerals are removed from the mine, the equipment will be sold for an estimated residual value of $11,000. The structures will be torn down. Geologists estimate that 840,000 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 oniginal condition after mining operations are completed in approximately four years. Management has provided the following possible outflows 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 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 depreciation of the mining facilites and equipment for 2024 , a5suming 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 yeap? 4. Are deptetion of the mine and depreciation of the maning facilities and equipment reported as separate expenses in the income statement? 5. During 2025, Hecala changed its estimate 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 depreciation of the mining facilitis and equipment for 2025 , assuming Hecala extracted 154,000 tons of ore in 2025 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, assumin 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 depreciation of the ming facilities and equipment reported as separate expenses statement? 5. During 2025 , Hecala changed its estimate of the total amount of ore originally in the mine from 840,000 to 1,040,0 Calculate the depletion of the mine and depreciation of the mining facilities and equipment for 2025 , assuming He 154,000 tons of ore in 2025. Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the amount at which Hecala will record the mine. Notes Do not round intermediate calculations. Enter your answer in whole dollars rounded to the nearest whole number equired: 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 Hec 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 depreciation of the mining facilities and equipment reported as separate expenses in the incon statement? 5. During 2025, Hecala changed its estimate 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 depreciation of the mining facilities and equipment for 2025, assuming Hecala extract 154.000 tons of ore in 2025 . Answer is not complete. 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 2024, assuming that Hecala uses the units of production method for both dopreciation and depletion. Noter Do not round your intermediate calculations. Round "Depreciotion" and "Depletion" rates to 4 decimal places, Enter your anowers in whole dollars rounded to the nesrest whole number. 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 iscal 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 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 wil the company record in its income statement for the 2024 fiscal yea? 4. Are depletion of the mine and depreciation 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 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 Answer is not complete. Complete this question by entering your answers in the tabs below. How much accretion expense will the compary record in its income statement for the 2024 fiscal year? Note: Do not round intermedlate calculations. finter your answer in whole dollars rounded to the nearest whole number. Hecala's credit-adjusted risk-free interest rate is 9%. During 2024 , Hecala extracted 124,000 tons of ore from the mine. The company' iscal 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 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 depreciation 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 originally 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Are depletion of the mine and depredation of the mining faclities and equipment reported as swparate expenses in the income statemen? quired: 1. Determine the amount at which Hecala will record the mine: 2. Calculate the depletion of the mine and the depreciation of the mining faclities 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 depreciation 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 originally 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 . Answer is not complete. Complete this question by entering your answers in the tabs below. During 2025, Hecala changed its estimate 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 depreciation of the mining facilities and equipment for 2025 , assuming Hecala extracted 154,000 tons of ore in 2025. Note: Do not round your intermedite calcutations. Round "Deprectation" and "Depletion" rates to 4 decimal places, Enter your answers in whole dollars rounded to the nearest whale number. Show less