Alberta Petroleum holds huge reserves of oil assets. Assume that at the end of 2024, Alberta Petroleum's cost of oil reserves totaled $44,000,000, representing 4,000,000 barrels of oil. Read the equirements. Requirement 1. Which method does Alberta Petroleum use to compute depletion? is the method used to compute depletion. Requirements 1. Which method does Alberta Petroleum use to compute depletion? 2. Suppose Alberta Petroleum removed and sold 500,000 barrels of oil during 2025. Journalize depletion expense for 2025