Montana mining company pace 3 million 123960 dollars for an order deposit containing 1 million 591000 t the company installs machinery in the mind costing $196400 which will be abandoned when oars completely mind Montana mines and sells 170800 t of more of war during the year

Montana Mining Co. pays $3,123.960 for an ore deposit containing 1,591,000 tons. The company installs machinery in the mine costing $196,400, which will be abandoned when the ore is completely mined. Montana mines and sells 170,800 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.) View transaction list Journal entry worksheet Record the year-end adjusting entry for the depletion expense of ore mine. Note: Enter debits before credits. Debit Credit General Journal Date Dec 31 View general journal Clear entry Record entry