1. PE. 10-01. ALGO Depletion Down Deep Mining Co. acquired mineral rights for $93,750,000. The mineral deposit is estimated at 75,000,000 tons. During the current year, 19,500,000 tons were mined and sold. 2. PE. 10-02A 3. PE. 10-06 ALGO a. Determine the depletion rate. If required, round your answer to two decimal places. per ton 4. PE. 10-07 ALGO b. Determine the amount of depletion expense for the current year. 5. PE.11-03.ALGO C. Journalize the adjusting entry on December 31 to recognize the depletion expense. 6. PE. 11-05 ALGO .. Dec. 31 7. EX.11-05 8. PE.13-01.ALGO 9. PE. 13-04.ALGO 10. PR. 13-03.ALGO 11. PE.14-03.ALGO 12. PE. 14-04.ALGO 13. EX.14-22.ALGO Previous Next > Progress: 4/13 items Time Remaining: 3:56:41 Email Instructor Submit Test for Grading