List of Accounts:

• Accumulated Depletion
• Accumulated Depreciation - Vehicles
• Accumulated Depreciation - Buildings
• Accumulated Depreciation - Equipment
• Accumulated Depreciation - Furniture
• Accumulated Depreciation - Machinery
• Accumulated Depreciation - Vehicles
• Accumulated Impairment Losses - Building
• Accumulated Impairment Losses - Equipment
• Accumulated Impairment Losses - Land
• Accumulated Impairment Losses - Machinery
• Accumulated Impairment Losses - Mine
• Accumulated Impairment Losses - Patents
• Accumulated Impairment Losses - Vehicles
• Allowance for Loss on Write-down of Held for Sale Assets
• Asset Retirement Obligation
• Buildings
• Cash
• Common Shares
• Contribution Expense
• Cost of Goods Sold
• Deferred Revenue - Government Grants
• Depreciation Expense
• Equipment
• Exploration Expense
• Furniture
• Gain on Disposal of Vehicles
• Gain on Disposal of Building
• Gain on Disposal of Equipment
• Gain on Disposal of Furniture
• Gain on Disposal of Machinery
• Gain on Disposal of Vehicle
• Gain on Disposal of Land
• Interest Expense
• Interest Payable
• Inventory
• Investment Property
• Land
• Loss on Disposal of Vehicles
• Loss on Disposal of Building
• Loss on Disposal of Equipment
• Loss on Disposal of Machinery
• Loss on Disposal of Land
• Loss on Disposal of Vehicles
• Loss on Expropriation
• Loss on Impairment
• Loss on Write-down of Held for Sale Assets
• Machinery
• Mineral Resources
• No Entry
• Notes Payable
• Oil Property
• Recovery of Loss from Impairment
• Recovery of Loss from Write-down of Held for Sale Assets
• Repairs and Maintenance Expense
• Retained Earnings
• Revaluation Surplus (OCI)
• Revenue - Government Grants
• Royalty Expense
• Vehicles

Ayayai Corporation, a publicly traded mining company, acquires a mine at a cost of $590,000. Capitalized development costs total $127,500. After the mine is depleted, $78,000 will be spent to restore the property, after which it can be sold for $162,000. Ayayai estimates that 5,000 tonnes of ore can be mined. Assuming that 850 tonnes are extracted in the first year, prepare the journal entry to record depletion. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round per tonne to 2 decimal places, e.g. 15.75 and final answer to O decimal places, e.g. 1,575.) Account Titles and Explanation Debit Credit