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Helios invested $6 million for the rights to explore and extract natural resources from land in Ukraine. The company estimated that a total a 1.5

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Helios invested $6 million for the rights to explore and extract natural resources from land in Ukraine. The company estimated that a total a 1.5 million tonnes of ore would be extracted from the property. The company extracted 50,000 tonnes of ore in its first year of operations: What entry would be necessary to record depletion? a Debit to Natural Resource Property and credit to Accumulated Depletion-Mineral Resources for $200,000 b Debit to Inventory and credit to Accumulated Depletion-Mineral Resources for $200,000 Debit to Natural Resource Property and credit to Accumulated Depletion-Mineral Resources for $6,000,000

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