What is the carrying amount of the equipment at September 30, 2024, when one-third of the equipment was sold on Jan 1, 2024, for cash proceeds of 1.60 million?

On January 1, 2022, Wildhorse Lte acquired a small silver mine for $15.30 million along with some equipment costing $6.90 million. At that time, management estimated that the mine should produce 9.00 million ounces of silver with no residual value and that the equipment would have a useful life of five years and no residual value. In 2022 and 2023, the company produced 265,000 and 295,000 ounces of silver, respectively. Wildhorse uses the straight-line method of depreciation for its equipment, and its year end is December 31. (a) Your answer is correct. Calculate the mine's accumulated depletion and carrying amount at the beginning of 2024. (Round per unit depletion value to 3 decimal places, e.g. 1.525 and final answers to O decimal places, e.g. 5,125.) Accumulated depletion $ 952000 Carrying amount $ 14348000