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The reserves of asses. Assume that at the end of 2024, Tex Petroleum's set of reservested $35,000,000, ing 5,000,000 temple of Requirement 1. Which method

The reserves of asses. Assume that at the end of 2024, Tex Petroleum's set of reservested $35,000,000, ing 5,000,000 temple of Requirement 1. Which method does TesAm Petroleum use to compute depletion? is the method used to compu Requirement 2. Suppose Team Penium removed and sold 500.000 banes of o euring 2025. Joumake depletion expense for 2025. (Assume no residual value Record debits first, then i jumalandry table) Dat Accounts and Explanation Debit Credi the last ine of the

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