Woska Mining Co. acquired mineral rights for $30,849,000. The mineral deposit is estimated at 146,900,000 tons. During the current year, 22,050,000 tont aite mintd and sold a. Dotermine the amount of depletion expense for the current year Round the depletion rate to two decimal places. x fentliea * Cowa My wois Simalar to the units-ot-production method to depreciate a fied asset, the depletion rate that is calcuigted atark constant no matter how miach ar the nahural resource is extracted. b. Journaire the adyuting entry on December 31 to recogniae the depletion expense. If an amount bex does net require an entry, lesye it blark Desember factuak * Cinck Mr Wurk Similar to the journal entry to record depteclemion, the joimal entry to riecord depiftign alfects a coritra asset accoumt