Glacier Mining Co acquired mineral rights tor $494,000,000. The mineral deposit is estimated at 475,000,000 tons, During the current year, 31,500,000 tons were mined and sold. A. Detemine the depleton rate Round your answer to two docimat placos B. Determine the amount of doplotion expense for the cument year C. Joumalize the adjusting enty on December 3 t fo rocognize the depletion expense Refer to the Chart of Accounts for exact wording of account tides A. Determine the depletion rate. Round your answer to two decimal places per ton B. Determine the amount of depletion expense for the current year C. Journalrze the adjusting entry on December 31 fo fecognize the depletion expense. Refer fo the Chart of Accounts for exact wording of account titliss