Please answer Qusetion M8-19 only.

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At year-end September 30, 2014 Siemells Assets of 10.8 billion Euros and accumulated amortization and im impairment related tn tested annually for im development? b. to assets of 6.3 billion Euros. Should the amounts capitalized be tested a DeFond Company purchased equipment for $50,000. For each of the tions, prepare a depreciation schedule (all years) for this equipment a double-declining-balance depreciation method. LO3 M8-18. Computing Double-Declining-Balance Depreciation Ses Residual value Useful life $8,000 $3,000 $1,000 c. Ten years... 03 M8-19. Computing and Recording Depletion Expense The Nelson Oil Company estimated that the oil reserve that it acquired in 2016 would produ 4 million barrels of oil. The company extracted 300,000 barrels the first year, 500,000 barrel 2017, and 600,000 barrels in 2018. Nelson paid $32,000,000 for the oil reserve. a. Compute the depletion expense for each year-2016, 2017, and 2018. b. Prepare the journal entries to record (i) the acquisition of the oil reserve, and (1) t he depleisn for 2016. Open T-accounts and post the entries from part b in the accounts. c. M8-20. Computing and Comparing PPE Turnover for Two Companies Texas Instruments Incorporated and Intel Corporation report the following informatiol