Check my work On April 2, 2017, Montana Mining Co. pays $3,721,000 for an ore deposit containing 1525,000 tons. The company Installs the mine costing $213,.500, with an estimated seven- year life and completely mined. Montana begins mining on May 1, 2017, and mines and sells 166,200 tons of ore no salvage velue. The machinery will be abandoned when the ore is during the remailning elght months of 2017 Prepare the December 31, 2017, entries to record both the ore deposit depletion and the mining machinery depreciation. Mining machinery depreciation should be in proportion to the mine's depletion. (Round your unlt depreclation and depletion rates to 2 decimal places) Journal entry worksheet Record the year-end adjusting entry for the depletion expense of ore mine Dec 31 Prev Next> MacBook Ai 5 6 8 option command