Business

Quintin Chavez

11 July, 10:53

holds huge reserves of oil. Assume that at the end of 2017 , Amplify Petroleum 's cost of oil reserves totaled $ 80 comma 000 comma 000 , representing 100 comma 000 comma 000 barrels of oil. Suppose Amplify Petroleum removed and sold 20 comma 000 comma 000 barrels of oil during 2018. Journalize depletion expense for 2018.

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