Solve the following problems and show results in tabulated form:

Please answer ASAP, Thank you :)

Depletion Method of Depreciation. 6. ABC Co. secures natural gas exploration rights. The cost estimates for the site and natural reserves information with no project salvage value is PHP 5.3 million. The company estimated a total of 2 million cubic feet gas and current period exploration is estimated at 300,000 cubic feet. Calculate: a. the depletion rate per cubic feet of gas extracted. b. the depletion charge of the as extracted gas during the current period. 7. If the project in problem 6 has a residual value of PHP 1.0 million. The estimated natural gas reserves reduced to 1.8 million cubic feet, and current period exploration remained at 300,000 cubic feet. Calculate: a. the depletion rate per cubic feet of gas extracted. b. the depletion charge of the as extracted gas during the current period