North Coast Petroleum a giant oil company holds reserves of oil and gas assets At the end of 2018, assume the cost of North Coast's on reserves totaled S204 billion, representing 17 billion barrels of or in the ground Read the Beam 1. Which depreciation method is similar to the depletion method that North Coast and other oil companies use to compute their annual doplation expense for the oil removed trom the ground? is similar to the depletion method that North Coast Petroleum and other of companies use to compute their annual depletion expense for the oil removed from the ground 2. Suppose the company removed 1,300 milion barrels of oil during 2019 Record this event (Record debts first, then credits Exclude explanations from any journal entries Enter amounts in billions as provided to you in the problem statement Round all calculations and the final answer to the nearest tenth of a billion, XX) Journal Entry Date Accounts Debit Credit Ellions 3. Assume that of the amount removed in (?), the company sold 1000 million barrels. Make the cost of sales entry Record debits first then credits Exclude explanations from any journal entries Enter amounts in billions as provided to you in the problem statement. Round all calculations and the final answer to the nearest tonth of a billion, XX) Journal Entry Accounts Date Debit Credit Bilions