Montana Mining Co. pays $3,280,470 for an ore depost containing 1400,000 tons. The company installs machinery in the mine costing $180.500, which will be abandoned when the ore is completely mined. Montana mines and sells 131,200 tons of ore during the year Prepare the year-end entries to record both the ore depost depletion and the mining machinery depreciation Mining machinery depreciation should be in proportion to the mine's depletion (Do not round Intermediate calculations. Round your final answers to the nearest whole number.) 12:07 Viru transaction list Journal entry worksheet 1 2 Record the year-end adjusting entry for the depletion expense of ore mine Note: Enter des before credit General Joumal Debat Credit Date Dec 31 Record entry Clear entry View general joumal Montana Mining Co. pays $3,280,470 for an ore deposit containing 1400.000 tons. The company instalis machinery in the mine costing $180.500, which will be abandoned when the ore is completely mined. Montana mines and sells 131,800 tons of ore during year Prepare the year-end entries to record both the ore deposit depletion and the mining machinery depreciation Mining machinery depreciation should be in proportion to the mine's depletion. (Do not round Intermediate calculations. Round your final answers to the nearest whole number.) View transaction list Journal entry worksheet