$[$The following information applies to the questions displayed below.$]$

On July $23$ of the current year, Dakota Mining Company pays $$7,310,640$ for land estimated to contain $8,808,000$ tons of

recoverable ore. It installs and pays for machinery costing $$792,720$ on July $25.$ The company removes and sells $452,500$

tons of ore during its first five months of operations ending on December $31.$ Depreciation of the machinery is in

proportion to the mine's depletion as the machinery will be abandoned after the ore is mined.

Problem $10-7$A $($Algo$)$ Part $1-4$

Required:

Prepare entries to record the following.

$($a$)$ The purchase of the land.

$($b$)$ The cost and installation of machinery.

$($c$)$ The first five months' depletion assuming the land has a net salvage value of zero after the ore is mined.

$($d$)$ The first five months' depreciation on the machinery.

Complete this question by entering your answers in the tabs below.

Record the first five months' depletion assuming the land has a net salvage value of zero after the ore is mined.

Note: Round your "Depletion per ton" answer to $2$ decimal places and round all other answers to the nearest whole dollar.