D Question 12 1 pts A company bought an iron ore mine for $3,500,000. It expects to mine 2,000,000 tons of iron ore from this mine. The salvage value of the mine is estimated to be $300,000 after all the ore has been extracted. How much depletion expense would be recorded in Year 1 if 400,000 tons of iron ore is extracted from the mine during that year? DO NOT USE DOLLAR SIGNS, COMMAS OR DECIMALS IN YOUR ANSWER FOR EXAMPLE: 920000 uestion 13 e the journal entry needed at year end to record annual depreciation of $100,000 on a building owne