Cheyenne Corp. purchased for $10,154,700 a mine that is estimated to have 37,610,000 tons of ore and no salvage value. In the first year, 6,710,000 tons of ore are extracted. (1) Your answer is correct Calculate depletion cost per unit. (Round answer to 2 decimal places, 68.0.50.) Depletion cost per unit $ 0.27 per ton (a2) Your answer is partially correct. Prepare the journal entry to record depletion for the first year. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Depletion Expense 1,811,700 Accumulated Depletion 1811.700 e Textbook and Media