Zvinakis Mining Company paid $240,000 for the rights to mine lead in southeast Missouri. The cost to drill and erect a mine shaft was $2,440,000, and equipment to process the lead ore before shipment to the smelter was $1,884,000. The mine is expected to yield 2,000,000 tons of ore during the five years it is expected to be operating. The equipment has an estimated residual value of $154,000 when mining is concluded. The mine started operations on April 30, 2018. In 2018, 340,000 tons of ore were extracted, and in 2019, 740,000 tons were mined. Required: 1. Compute the depletion rate and the units-of-production depreciation rate. 2. Compute depletion and depreciation for 2018 and 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the depletion rate and the units-of-production depreciation rate. (Round your final answers to 3 decimal places.) Depletion rate per ton Depreciation rate per ton Zvinakis Mining Company paid $240,000 for the rights to mine lead in southeast Missouri. The cost to drill and erect a mine shaft was $2,440,000, and equipment to process the lead ore before shipment to the smelter was $1,884,000. The mine is expected to yield 2,000,000 tons of ore during the five years it is expected to be operating. The equipment has an estimated residual value of $154,000 when mining is concluded. The mine started operations on April 30, 2018. In 2018, 340,000 tons of ore were extracted, and in 2019, 740,000 tons were mined. Required: 1. Compute the depletion rate and the units-of-production depreciation rate. 2. Compute depletion and depreciation for 2018 and 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute depletion and depreciation for 2018 and 2019. 2018 2019 Depletion Depreciation