On April 2, 2018, Montana Mining Co. pays $3,852000 for an ore deposit containing 1,510,000 tons. The company installs machinery in the mine costing $200,200, with an estimated seven-year life and no salvage value. The machinery will be abandoned when the ore is completely mined. Montana begins mining on May 1. 2018, and mines and sells 146,100 tons of ore during the remaining eight months of 2018. Prepare the December 31, 2018, 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 Intermedlate calculatlons. Round your final answers to the nearest whole doller.) Answer is complete but not entirely correct. No Date General Journal Debit Credit Dec 31 Depletion expense-Mineral deposit 372,555 Mineral deposit 372.555 Dec 31 Depreciation expense-Machinery 18,7823 Accumulated d ery 18,782