Carrier Craft & Company purchased a mineral deposit by paying $50.000 in cash and signing a $350.000 promissory note. A geological report the mineral deposit contained 125,000 tons of ore Carter Craft & Company expects the asset to have a zero residual value when fully depleted During 20X7 34.000 tons, of or were mined. Prepare the journal entry December 31, 20X7, to record the depletion of the mineral deposit