Alberta Petroleum holds huge reserves of oil assets:

Alberta Petroloum holds huge reserves of ol assets. Assume that at the end of 2024 , Alberta Petroleum's cost of oil reserves totaled $48,000,000, represenfing 6,000,000 bartels of oil Read the requirements Requirement 1. Which method does Alberta Petroleum use to compute depletion? is the method used to compute depletion 1. Which method does Alberta Petroleum use to compute depletion? 2. Suppose Alberta Petroleum removed and sold 600,000 barrels of oil during 2025. Joumalize depletion expense for 2025