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A Cale 200 Fron t New FK K A New Gener - . Key The SP 2020 - GREENVILLE ACCT. 2301 Lindsey Shepherd & | 03/23/20 12:25 PM Review Test: Practice for Test #2: 75% Required -AND-90%+ Strongly Encouraged, Score: 0 of 1 pt 19 of 21 Test Score: 67.29, 14.13 of 21 XT19-4 (similar to) 1 Question Help 4. Asian Petroleum holds huge reserves of oil. Assume that at the end of 2017, Asian Petroleum's cost of all reserves totaled $220,000,000, representing 200,000,000 barrels of oil Suppose Asian Petroleum removed and sold 12,000,000 barrels of oil during 2018. Journalize depletion expense for 2018. (Assume no residual value Record debits first, then credits Select the explanation on the last line of the journal entry table) Date Credit Accounts and Explanation Depletion Expense- Reserves Accumulated Depletion Reserves Debit 13,200,000 13.200.000 To record depletion Move your pointer over or tap on the cells with red arrows to see incorrect answers