In 2024, the Marion Company purchased land containing a mineral mine for $1,650,000. Additional costs of $633,000 were incurred to develop the mine. Geologists estimated that 410,000 tons of ore would be extracted. After the ore is removed, the land will have a resale value of $110,000. To aid in the extraction, Marion built various structures and small storage buildings on the site at a cost of $155,800. These structures have a useful life of 10 years. The structures cannot be moved after the ore has been removed and will be left at the site. In addition, new equipment costing $87,000 was purchased and installed at the site. Marion does not plan to move the equipment to another site, but estimates that it can be sold at auction for $5,000 after the mining project is completed. In 2024, 51,000 tons of ore were extracted and sold. In 2025, the estimate of total tons of ore in the mine was revised from 410,000 to 497,500. During 2025, 81,000 tons were extracted, of which 61,000 tons were sold. Required: 1. Compute depletion and depreciation of the mine and the mining facilities and equipment for 2024 and 2025. Marion uses the units-of-production method to determine depreciation on mining facilities and equipment. 2. Compute the book value of the mineral mine, structures, and equipment as of December 31, 2025. omplete this question by entering your answers in the tabs below. Required 1 Required 2 Compute depletion and depreciation of the mine and the mining facilities and equipment for 2024 and 2025. Marion uses the units-of-production method to determine depreciation on mining facilities and equipment. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Depletion of mineral mine Depreciation of structures Depreciation of equipment Answer is not complete. $ $ 2024 270,300✔ $ 19,380 $ 10,200 2025 328,050 21,870 X 12,150

What is risk of incorrect acceptance?     A. The risk that the auditor concludes that a material misstatement exists when it does not exist.   B. The risk that the auditor concludes that a material misstatement does not exist when it actually does not.   C. The risk that the auditor concludes that a material misstatement does not exist when it does exist.   D. The risk that the auditor concludes that a material misstatement exists when it actually does.

1. Choose the ethical considerations that Amahle Khumalo should recognize in deciding how to proceed. Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. Check my work is not available. Khumalo should exercise initiative and good judgment in providing management with information having a potentially adverse economic impact Khumalo should determine whether the controller's request violates her professional or personal standards or the company's code of ethics. ? Khumalo should protect proprietary information and should not violate the chain of command by discussing this matter with the controller's superiors ?Khumalo should not try to convince the controller regarding the probable failure of reworks.

The phrase “except for the possible effects of the matter described…” appears in an audit report. This could be what type of opinion?   a.   Qualified Adverse Disclaimer Yes Yes No   b.   Qualified Adverse Disclaimer Yes No No   c.   Qualified Adverse Disclaimer No No Yes   d.   Qualified Adverse Disclaimer No Yes No   e.   Qualified Adverse Disclaimer Yes Yes Yes