Starting question Journal Alaska Mining Co. aoquired mineral rights for $41,449,000. The mineral deposit is estimated at 18,100,000 tons. During the current year 1,500,000 tons were mined and sold Required: a. Determine the amount of depletion expense for the current yea b. Journalize the adjusting entry on December 31 to recognize the depletion expense. Refer to the Chart of Accounts for exact wording of account titles