2. On July 23 of the current year, Dakota Mining. Co. Pay S $7,327,200 for land estimated to contain 8,520,000 tons of recoverable ovce. It installs and pays. for machinery costing $1,704,000 on July 25. The removes and sells 437,000 tons of company ore during its first five months of operation ending on December 31. Depreciation of the machinery is in proportion to the mine's as the machinery will be abandoned, after the one depletion mined. (s Required: " Round to depletion by ton" -Record all entries. a) Purchase of the land. 6.) Cost and installation of machinery c) The first five months depletion assuming the land has net salvage value of zero.. d) The first five months' depreciation on the machinery