Help Save & Exit Sub Check my work Exercise 10-18 Depletion of natural resources LO P3 Montana Mining Co. pays $3,331,260 for an ore deposit containing 1,551,000 tons. The company installs machinery in the mine costing $187,800, which will be abandoned when the ore is completely mined. Montana mines and sells 148,500 tons of ore during the year. Prepare the year-end entries to record both the ore deposit depletion and the mining machinery depreciation. Mining machinery depreciation should be in proportion to the mine's depletion. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) View transaction list Journal entry worksheet Record the year-end adjusting entry for the depletion expense of ore mine Note: Et debits before credits Debit Credit Date General Journal Dec 31 Journal entry worksheet Record the year-end adjusting entry for the depletion expense of ore mine. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Record the year-end adjusting entry for the depreciation expense of the mining machinery. Note: Enter debits before credits. General Journal Date Dec 31 Deblt Credit Record entry Clear entry View general journal