Solare Company acquired mineral rights for $591,500,000, The diamond deposit is estimated at 45,500,000 tons. During the current year, 3,540,000 tons were mined and sold. a. Determine the depletion rate, per ton b. Determine the amount of depietion expense for the current year. c. Joumaliee the adjusting entry to recogncze the depletion expense. Dec 31 Journalize the adjusting entry to recognize the depletion expen: Accumulated Depletion Accumulated Depreciation Cash Depletion Expense Depreciation Expense