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1 On January 1, 2020, Aka Mhendislik Co. purchased a gold mine for $10,900,000. The company expects the resources to produce 15,000,000 units of product.

1 On January 1, 2020, Aka Mhendislik Co. purchased a gold mine for $10,900,000. The company expects the resources to produce 15,000,000 units of product. (1) What is the depletion cost per unit? (2) If the company mined 50,000 units in first year, what is depletion expense for the year? (3) What is the journal entry to record the depletion expense.

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