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Could you explain these questions in some detail? 1. A company purchased mining property for $1,560,000. The property was estimated to contain 13,000,000 tons of

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Could you explain these questions in some detail?
1. A company purchased mining property for $1,560,000. The property was estimated to contain 13,000,000 tons of ore. In the current year, the company removed and sold 247,000 tons of ore. Calculate and jounalize the depletion expense for the current year. 2. A company purchased a music distributor's collection of lyrics and songs for $1,425,000. The copyrights are expected to last another 30 years. Prepare the journal entry to record the amortization expense for the first year

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