South Shore Petroleum, the giant all.company, holds huge reserves of oil and gas assets Assume that at the end of 2020 South Shore Petroleum's cost of oil and gas assets totaled approximately 24 billion, presenting 25 barrels of oil and gas reserves in the ground 1. Which amortization method does South Shore Petroleumse to compute los anual amortization expense for the land gas removed from the ground? 2. Suppose South Shore Petroleum removed 12 billion barrels of oil during 2020 Record Soun Shore Petroleums amortization expense for 2020 1. Which amortization method does South Shore Petroleum use to complets amortization expense for the ol and gas removed from the ground? Units-of-Production amortization method is used to compute amortization expense 2. Suppose South Shore Petroleum removed 12 billion barrels of ol during 2020 Record South Shore Petroleum's motivation expertise for 2020 Calculate amortization expense and prepare the journal entry (Record debits first, then credits. Exclude explanations from journal entries. Este amounts in billions, rounded to the nearest tenth of a ) General Journal Date Accounts Dobit Credit Bons Chidose from any list or enter any number in the inputs and en continue to the next