Montana Mining Company pays $4,887,000 for an ore deposit containing 1,537,000 tons. The company installs machinery in the mine costing $215.400. Both the ore and machinery will have no salvage value after the ore is completely mined. Montana mines and sells 164,500 tons of ore during the year. Prepare the December 31 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 < 1 2 Cash Record the y se of ore mine. Depletion expense-Mineral deposit Depreciation expense-Building Note: Enter debit Depreciation expense-Machinery Equipment Date Debit Credit December 31 Depletion expense-Mineral deposit Accumulated depletion-Mineral deposit < Prev 10 of 12 Next >