Hidden Hollow Mining Co. acquired mineral rights for $63,750,000. The minesal deposit is estimated at 75,000,000 tons. Duting the current yeat, 17,250,000 tons were mired and sold, a. Determine the deplietion rato. If required, rocand your answer to two decinial places, 1 per fon b. Betermine the amount of depletion expense for the current yeac. 1 c. Journalize the adjusting entry on December 31 to recognise the depletion expense. If an amouct bog does not reizure an entry, leave it blank: Dec, 71