VOLJNO Yukon Cornelius, Inc. purchased a diamond mine for $3,000 (I know, I left off lots of zeroes!) with removable jewels estimated by geological surveys of 2,000 tons. The property has an estimated salvage value of $200 after the diamonds have been extracted. The company incurred $1,000 of development costs preparing the mine for production and estimates that $400 will be required to restore the property to its original state after production is complete. During the year, 500 tons of ore were removed and 400 tons were sold. 1. What is the depletion rate per ton of diamonds? $ 2. Prepare the journal entry to record depletion for the year. TTT Arial 3(12pt) T E E .2.5