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Homework: Chapter 9 Question 3, TIPS-4 (olmilar to) HW Score: 5%, 2 of 40 points O Points: 0 of 1 Save South Shore Petroleum

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Homework: Chapter 9 Question 3, TIPS-4 (olmilar to) HW Score: 5%, 2 of 40 points O Points: 0 of 1 Save South Shore Petroleum holds huge reserves of all. Assume that at the end of 2023, South Shore Petroleum's cost of all reserves brtaled $208,000,000, representing 180,000,000 basis of of Suppose South Shore Petroleum removed and sold 35,000,000 barrels of all during 2024, Joumalize depletion expense for 2004 (Assume no residual value. Recond debits first, then credits. Seled the explanation on the test line of the jumal endry fable) Da Accounts and Explanation Det Credit

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