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gageNowv2 OnlirX genow.com/irn/take n do?invoker Chasteen Company acquired mineral rights fr $9,100,000. The mineral deposit is estimated at 65,000,000 tons. During the current year, 18,375,000

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gageNowv2 OnlirX genow.com/irn/take n do?invoker Chasteen Company acquired mineral rights fr $9,100,000. The mineral deposit is estimated at 65,000,000 tons. During the current year, 18,375,000 tons were mined and sold. Required: a. Determine the amount of depletion expense for the current year b. Journalize the adjusting entry to recognize the depletion expense. Next

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