D Question 8 2.5 pts Towering Timbers bought heavily forested land this year for $800,000 which it will use for its logging business. It expects to be able to remove a total of 400.000 trees from the land over a period of 20 years. During the year, Towering Timbers removed 30.000 trees. Which of the following journal entries would Towering Timbers make to record depletion this year? a. Debit depletion expense $60,000 and credit accumulated depletion $60,000 b. Debit inventory $60,000 and credit accumulated depletion $60,000 c. Debit depletion expense $40,000 and credit accumulated depletion $40,000 O d. Debit inventory $40.000 and credit accumulated depletion $40,000