to the state of Nevada, and $75,000 for a geological survey of the property Because Colorado purchased the nights to the minorais only and did not purchase the land. it expects the anset to have zero tesidual value. During the first yeac, Colerado femoved and sold 40,000 tons of the minenali. Make fournal eotries to record (a) purchase of the minerals (debt Minerals), (o) gayment of tees and other costs, and (c) deplebion for the first year. (Reoord dobits first, then crediss. Select the explanation on the last ine of the (oumalentry table.)