Solare company acquired mineral rights for 60,000,000. The diamond deposit is estimated at 6,000,000 tons. During the current year , 2,300,000 were...

Solare company acquired mineral rights for 60,000,000. The diamond deposit is estimated at 6,000,000 tons. During the current year , 2,300,000 were mined and sold.A-determined de depletion rateB-determine the amount of depletion expense for the current yearC-journalize the adjusting entry to recognize the depletion expense