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. Amplify Petroleum holds huge reserves of oil. Assume that at the end of 2014 amplify petroleum's cost of oil reserves totaled $80,000,000 representing 100,000,000
. Amplify Petroleum holds huge reserves of oil. Assume that at the end of 2014 amplify petroleum's cost of oil reserves totaled $80,000,000 representing 100,000,000 barrels of oil. Suppose Amplify petroleum removed and said 20,000,000 barrels of oil during 2015. Journalize depletion expense for 2015. (Assume no residual value. Record debts first, then credits. Explanations will on the last line of the journal entry table
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