Question: Montana Mining Co . pays $ 3 , 8 7 2 , 5 5 0 for an ore deposit containing 1 , 4 5 6

Montana Mining Co. pays $3,872,550 for an ore deposit containing 1,456,000 tons. The compary installs machinery in the mine costing $209,400, which will be abandoned when the ore is completely mined. Montana mines and sells 149,100 tons of ore during the year.
Prepare the year-end entries to record both the ore deposit depletton and the mining machinery depreciation. Mining machinery depreclation should be in proportion to the mine's depletion. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)
Journal entry worksheet
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Record the year-end adjusting entry for the depletion expense of ore mine.
Note: Enter dehits before credits.
\table[[Date,General Joumal,Debit,Crestit,],[Dec 31,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]
 Montana Mining Co. pays $3,872,550 for an ore deposit containing 1,456,000

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