onLocator assignment-take &inprogress false eBook Show Me How Calculator Print Item Depletion Entries Alaska Mining Co. acquired mineral rights for $22,928,000. The mineral deposit is estimated at 143,300,000 tons. During the current year, 21,500,000 tons were mined and sold. a. Determine the amount of depletion expense for the current year. Round the depletion rate to two deimals places. b. Journalize the adjusting entry on December 31 to recognize the depletion expense. Accumulated Depletion Cash Depletion Expense Depletion Payable Mineral Rights Repairs and Maintenance Expense 219 PM 11/5/2019 O