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Take me to the text Silvertown operates several silver mines across the country. On January 1, 2023, it paid $3,061,000 cash to purchase a silver
Take me to the text Silvertown operates several silver mines across the country. On January 1, 2023, it paid \$3,061,000 cash to purchase a silver mine with an estimated residual value of $563,000. The company also incurred additional expenditures of $964,400 to prepare the mine for the extraction process. Silvertown expects to extract a total of 1,082,000 tonnes of silver from the mine over its lifetime. Prepare the journal entry to record depletion expense for the mine for 2023 , assuming 151,000 tonnes of silver were mined that year. Do not enter dollar signs or commas in the input boxes. Round the per-unit rate to 2 decimal places. Round your final answer to the nearest whole number. Note: The "check" button does not submit your attempt.To submit the attempt, go to the end of the quiz and click on the "submit all and finish" button
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