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can you help me solve these two problems please Depletion Entries Alaska Mining Co,...

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can you help me solve these two problems please

Depletion Entries Alaska Mining Co, acquired mineralights for $67,500,000. The mineral deposit is estimated at 30.000.000 tons. During the current year 4,000,000 tons were mined and sold a. Determine the amount of depletion expense for the current veat. Round the depletion rate to two decimal places IIIIM b. Deurnalize the adjusting entry on December 31 to recognize the depletion expense. If an amount box does not require an entry leave it blank Dec. 31 Previous Next > Check My Work more Check My Works remaining anmel-takeinprogress eBook Show Me How Calculator Print Item Amortization Entries Kleen Company acquired patent rights on January 10 of Year 1 for $2,800,000. The patent has a useful life equal to its legal life of eight years. On January 7 of Year 4, Kleen successfully defended the patent in a lawsuit at a cost of $38,000. a. Determine the patent amortization expense for Year 4 ended December 31. b. Journalize the adjusting entry on December 31 of Year 4 to recognize the amortization. If an amount box does not require an entry, leave it blank Previous Next > Check My Work 3 more c o n Submit A nment for

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