Question (2) AZAZ Mining Company paid $200,000 for mine site in Southeast America. The cost to drill and erect a mine shaft was $2,400,000 so total estimated payment of $2,600,000 was made. AZAZ purchased equipment to process the lead ore before shipment to the smelter was $1,800,000. The mine is expected to yield 2,000,000 tons of ore during the five years it is expected to be operating. The equipment is salvageable and is expected to be worth $150,000 when mining is concluded. The mine started operations on April 30, 2011. In 2011, 300,000 tons of ore were extracted and in 2012,700,000 tons were mined. Required: Compute depletion for 2011 and 2012. b Compute depreciation for 2011 and 2012 using units of production method