Answer:
ore deposits     7,147,920 debit
            cash                  7,147,920 credit
--to record purchase of land with ore deposit--
machinery         1,900,080 debit
         account payable       1,900,080 credit
Account payable 1,900,080 debit
             Cash                      1,900,080 credit
--to record machine installation and payment of it 2 days later--
depletion expense          368,535
depreciation expense       97,965
ore deposit                                          368,535
equipment accumulated depreciation 97.965 
Explanation:
the first entries are quite self-explanatory
<u>Now, to calculate the depreication and depletion:</u>
The machine will be depreciate at the same phase as the ore deposit As the asset is relate to it and will have no value after the miniming project ends.
depreciation  for the year:
466,500 / 9,048,000 x 7,147,920  = 368.535 ore deposit amortization
466,500 / 9,048,000 x 1,900,080 =    97.965 equipment depreciation