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can anyone help me answer this please Depletion. Wood Mining Ltd. paid $900,000 for the right to extract ore from a 300,000 tonneming deposit in

can anyone help me answer this please
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Depletion. Wood Mining Ltd. paid $900,000 for the right to extract ore from a 300,000 tonneming deposit in northern Manitoba. In addition to the purchase price, the company also paid a $1,000 filing fee, a $5,000 licence fee, and $75,000 for a geological survey. The company expected the asset to have so residual when fully depleted. During the first year of production, the company removed 65,000 tonnes of ore. Required: a. Prepare the journal entry to record the purchase of the mineral rights and additional expenditures on January 1, 2017. (4 marks) b. Prepare the adjusting entry for amortization on August 31, 2017 the company's year-end. (4 marks)

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