VALENTIA Company purchased a Mine on 1 January 2021. The cost of the Mine together with the Land on which it is located is $6,000,000 (the Land was valued at $2,000,000 at the date of purchase). Development costs of the Mine are $14,000,000. The present value of the restoration obligation associated with the Mine is $6,000,000. The Mine contains 4,000,000 units of Silver in total. During 2021, 2,000,000 units of Silver were extracted. Of these, 1,500,000 units were sold at a price of $80 per unit. Q 19 What is the Capitalized Mine Cost on 1 January 2021? Q 20 What is the Depletion Cost per unit of Silver for 2021? Q21 What is the Carrying Amount of the Mine on 1 January 2022? On January 1, 2021 ROCK Company took out a specific construction loan of $4,000,000 at 5% per annum to finance the construction of a new building. In 2021, the company made the following expenditures related to this building: March 1: $12,000,000 July 1: $7,200,000 November 1: $2,400,000 Other loans outstanding are as follows: 10 year 3% long term loan 7 year 6% long term loan: The year-end is 31 December 2021 and the construction was completed on 31 December 2021. $20,000,000 $5,000,000 Q 22 What is ROCK Company's Weighted Average Accumulated Expenditure for 2021? Q 23 What is ROCK Company's Avoidable Interest (i.c., Interest Capitalized) for 2021? Q 24 What is ROCK Company's Interest Expense for 2021?