read the excerpt below and answer the following questions.

Courts have permitted recovery for damage to non-covered property when the damaged property and covered property were "mutually dependent" on one another. An example of this practice is illustrated in a case involving mutually dependent premises which is discussed in Studley Box & Lumber Co. v. National Insurance Co. (1931).

In Studley Box, the policyholder operated a lumber factory that had several structures, including a small mill and a barn. The insured's business was partially interrupted after a fire destroyed the barn, killing some of the horses used to operate the business, though the fire did not damage the sawmill. The lumber production decreased after the fire because there were fewer horses to work. The insureds expenditure increased due to restoration cost to the barn and replacement of new horses. The court granted coverage, explaining that because the different parts of the plant were "mutually dependent" on each other such that "if one fails, the others ordinarily suffer," and a "loss on any of the units of the plant affects the business in its entirety and not merely the particular part of it carried on in such unit."

i) Identify the direct losses suffered by the business.

ii) Identify the indirect losses suffered by the business.

iii) Time element losses is a special type of indirect outcome, which involved a time element in the assessment of the outcome. Based on the given case, briefly discuss how time element losses will affect the policyholders business.