Help Copper Explorations recently acquired the rights to mine a new site. Equipment and a truck were purchased to begin mining operations at the site. Details of the mining assets follow. Asset Date of Purchase Mineral rights Equipment Truck Mar. 1/23 Mar. 1/23 Mar. 1/23 Cost $ 62,400 244,800 95,400 Est. Residual $0 Est. Life 4 yrs 4 yrs 4 yrs Copper's year-end is December 31 and it uses the straight-line method for all mining assets including intangibles. Required: 1. Record amortization and depreciation at December 31, 2023, on the mining assets, including the mineral rights. View transaction list Journal entry worksheet 1 2 3 Prev 7 of 7 Next Sav