Solare Company acquired mineral rights for $434,400,000. The diamond deposit is estimated at 36,200,000 tons. During the current year, 2,820,000 tons were mined and sold. Question Content Area a. Determine the depletion rate. $fill in the blank 79c86a070059fff_1 per ton b. Determine the amount of depletion expense for the current year. $fill in the blank 79c86a070059fff_2 Question Content Area c. Journalize the adjusting entry to recognize the depletion expense. If an amount box does not require an entry, leave it blank. Dec. 31 - Select - - Select - - Select - - Select -

Solare Company acquired mineral rights for $434,400,000. The diamond deposit is estimated at 36,200,000 tons. During the current year, 2,820,000 tons were mined and sold. a. Determine the depletion rate. $ perton b. Determine the amount of depletion expense for the current year. c. Journalize the adjusting entry to recognize the depletion expense. If an amount box does not require an entry, leave it blank. Dec. 31