Sel 0721 10:1 ) At the beginning of January 2016, Eldoret itd acquired a mine for sh. 17,000,000. Of this amount, sh. 2,000,000 was ascribed to the land value and the remaining portion to the minerals in the mine. Surveys conducted by geologists have indicated that approximately 240,000,000 units of a precious ore appear to be in the mine. Eldoret Ltd incurred sh. 3,500,000 of development costs associated with this mine prior to any extraction of minerals and estimates that it will require sh. 800,000 to prepare the land for an alternative use when all of the ore has been removed. During 2016, 10,000,000 units of ore were extracted and 8,400,000 of these units were sold. Required: i) Compute the total amount of cepletion for 2016. ii) Compute the cost of minerals sold in 2016. 18,500,000 15,000,000 T 3500,000 2800 (3 marks)