7 01283 Montana Mining Company pays $3,020,960 for an ore deposit containing 1,593,000 tons. The company installs machinery in the mine costing $229.600. Both the ore and machinery will have no salvage value after the ore is completely mined. Montana mines and sells 148,200 tons of ore during the year. Prepare the December 31 year-end entries to record both the ore deposit depletion and the mining machinery depreciation. Mining machinery depreciation should be in proportion to the mine's depletion. (Do not round intermediate calculations. Round your final answers to the nearest whole number) Block Journal entry worksheet < Record the year-end adjusting entry for the depletion expense of ore mine. te Enters before res Tate General Journal Debit Credit December 31 Depletion expense-Mineral deposit Accumulated depletion-Mineral deposit Check my work