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An oil well cost $2.090.000 and is calculated to hold 350,000 barrels of of There is no residual value What journal entry is needed to

An oil well cost $2.090.000 and is calculated to hold 350,000 barrels of of There is no residual value What journal entry is needed to record the expense for the extraction of 56.000 barrels of oil during the year? All 55,000 barrels were sold during the year (Round any Intermediate calculations to the nearest cent, and your final answer to the nearest dollar)

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