Depletion Entries Alaska Mining Co. acquired mineral rights for $21.261,000. The mineral deposit is estimated at 111,000,000 tons. During the current year, 16.000.000 tondando a. Determine the amount of depletion expense for the current at Round the depletion rate to two decimales b. Journalise the adjusting entry on December 31 to recognize the depletion expenfamount box does not requirement, leve it bank