Anticoste Mining Ltd, paid $970,000 for the right to extract ore from a 370,000 tonne mineral deposit. In addition to the purchase price, the company also paid a $1,00 filing fee, a $5,000 licence fee to the province of Quebec, and $60,000 for a geological survey. Because Anticoste Mining Ltd. purchased the rights to the minerals only the company expected the asset to have zero residual value when fully depleted. During the first year of production, the company removed 68,000 tonnes of ore. Mak general journal entries to record (a) purchase of the minerals rights (debit Mineral Asset) on January 1, 2020, (b) payment of fees and other costs on January 1, 2020 and (c) amortization for first-year production as at December 31, 2020. Accumulated Amortization-Mineral Asset Amortization Expense--Mineral Asset Cash he Mineral Asset che Supplies Journal Entry Accounts