Question 9 (of 10) 9. 7.50 points Qs 10-10 Natural resources and depletion LO P3 Perez Company acquires an ore mine at a cost of $2,800,000. It incurs additional costs of $784,000 to access the mine, which is estimated to hold 2,000,000 tons of ore. 230,000 tons of ore are mined and sold the frst year. The estmated value of the land after the ore is removed is $400000. Caloulate the depletion expense from the informaton given. (Round "Depletion per unit to 3 decimat places.) Cost Salvage Amount subject to depletion Total units of capacity Depletion per unit Units extracted and sold in period Depletion expense 1. Prepare the entry to record the cost of the ore mine and year-end adjusting entry View transaction list Journal entry worksheet