Brief Exercise 11-9 Your answer is partially correct. Try again. Pina Corporation acquires a coal mine at a cost of $476,000. Intangible development costs total $119,000. After extraction has occurred, Pina must restore the property (estimated fair value of the obligation is $95,200), after which it can be sold for $190,400. Pina estimates that 4,760 tons of coal can be extracted If 833 tons are extracted the first year, prepare the journal entry to record depletion. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Depreciation Expense 117453 Accumulated Depreclation-Machinery 117453 SHOW LIST OF ACCOUNTS