Alaska Mining Co, acquired mineral riohts for $15,060,000. The mineral deposit is estimated at 100,400,000 tons, During the current year, 15,050,000 tons were mined and sold. a. Determine the amount of depletion expense for the current year: Round the depletion rate to two decimal places. x romerviwn Similar to the units-of-production method to depreciate a thxed asset, the depietion rato that is calculated atavi constant no mattee how much of the natural resource is extracted. b. Joumalize the adjusting entry on December 31 to recognize the tepletion expense, if an amount box does fot reguire an entry, leave it, blanki fosens toiga Mr wer