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Alberta Petroleum holds huge reserves of oil. Assume that at the end of 2 0 2 4 , Alberta Petroleum's cost of oil reserves totaled

Alberta Petroleum holds huge reserves of oil. Assume that at the end of 2024, Alberta Petroleum's cost of oil reserves totaled $252,000,000, representing 140,000,000 barrels 0 Suppose Alberta Petroleum removed and sold 35,000,000 barrels of oil during 2025. Journalize depletion expense for 2025.(Assume no residual value. Record debits first, then cr Select the explanation on the last line of the journal entry table.)
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