Depletion entries Chart of Accounts Starting question Journal Instructions Alaska Mining Co. acquired mineral rights for $37,378,000. The mineral deposit is estimated at 21,400,000 tons. During the cument year, 2,150,000 tons were mined and sold. tons. During he Required: a Oefermine the amount of depietion expense for he current year b. Joumaiize the aclyusting entry on December 31 to recognize the depleon expense. Reter to the Chart of Accounts tor exact wording of account tules