Montana Mining Co pays $3.776.180 for an ore deposit containing 1,532,000 tons. The company installs machinery in the mine costing $163,200, which will be abandoned when the are is completely mined. Montana mines and sells 153,000 tons of ore during the 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.) Record the year-end adjusting entry for the depreciation expense of the mining machinery Note: Enter debits before credits. Debit Credit Date General Journal Dec 31 Depreciation expense-Machinery Accumulated depreciation-Machinery Milano Gallery purchases the copyright on a painting for $300,000 on January 1. The copyright is good for 12 more years. The company plans to sell prints for 19 years Prepare entries to record the purchase of the copyright on January 1 and its annual amortization on December 31 Record the year-end adjusting entry for the amortization expense of the copyright. Note: Enter debits before credits. Date Debit Credit Dec 31 General Journal Amortization expense-Copyright Accumulated amortization-Copyright