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25 In January 2020, Sharjah Mining Corporation purchaseda mineral mine for $6,400,000 with removable ore estimatedby geological surveys at 2,500,000 tons. The property has an

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25 In January 2020, Sharjah Mining Corporation purchaseda mineral mine for $6,400,000 with removable ore estimatedby geological surveys at 2,500,000 tons. The property has an estimatedvalue of $600,000 after the ore has been extracted. Sharjah incurred $1,735,000 of development costs preparing the property for the extraction of ore. During 2020, 585,000 tons were removed and 525,000 tons were sold. For the year ended December 31, 2020. What is the joumal entry that Sharjah should make for the amount of depletion

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