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a tor muthat uad wo lersus degkion Pecquiements West Coast Petroleum holds hage reserves of oll assets. Assume that at the ond of 2024, West Coast Petroleum's cost of oil reserves totaled \$64, 000,000. representing 6,000,000 barrels of oil. Read the mavirements. Requlrement 1. Which method does West Coast Petroleum use to compule deplotion? is the method used to compute depletion. Requirement 2. Suppose West Coast Petroleum removod and sold 900,000 barrels of oil during 2025, Journalize depletion expense for 2025. Assume no residua. yalje. Record debits font, then credits. Seloct the explanation on the last ine of the joumal entry table.) Requirements 1. Which method does West Coast Petroleum use to compute depletion? 2. Suppose West Coast Petroleum removed and sold 900,000 barrels of oil during 2025. Journalize depletion expense for 2025