QS 8-13 (Algo) Natural resources and depletion LO P3 Perez Company ecquires an ore mine at a cost of $1,540,000, it incurs additional costs of $431,200 to access the mine, which is estimated to hold 1,100,000 tons of ore, 185,000 tons of ore are mined and sold the first year. The estimated value of the land affer the ore is temoved is $220,000. Calculate the depletion expense from the information given 1. \& 2. Prepare the entry to record the cost of the ore mine and year-end adjusting entry. Complete this question by entering your answers in the tabs below. Calculate the depletion expense from the information given, Notn: Round "Depletion per unit' to 3 decimal placrs. OS \&.13 (A/go) Natural resources and depletion LO P3 Joural entry worksheet