Exercise 10-18 Depletion of natural resources LO P3 Montana Mining Co pays $3,270,790 for an ore deposit containing 1599,000 tons. The company installs machinery in the mine costing $221,800, which will be abandoned when the ore is completely mined Montana mines and sells 185,500 tons of ore during the year Prepare the year-end entries to record both the ore deposit depletion and the mining machinery depreciation Mining machinery depreciation should be in proportion to the mine's depletion (Do not round intermediate calculations. Round your final answers to the nearest whole number) ht ances View transaction list Journal entry worksheet 1 2 Record the year and adjusting entry for the depletion expense of ore mine Journal entry worksheet 1 2 Record the year-end adjusting entry for the depletion expense of ore mine. Note: Enter debits before credits. Date General Joumal Debit Credit Dec 31 Journal entry worksheet