Brief Exercise 10-11 11- (Part Level Submission) Franceour Mining Co. purchased for $7,000,000 a mine that is estimated to have 35,000,000 tons of ore and no salvage value in the first year 5.000.000 tons of creare atracted Calculate depletion cost per unit. (Round answer to decimal places, ... 0.5.) Deption cost per unit perton SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts of 15 used SAVE FOR LATER SUBMIT ANSWER Your answer is partially correct. Try again. Prepare the journal entry to record depletion for the first year. (Credit account titles are automatically indem select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense 1000000 Accumulated Depletion 1000000