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Business, 16.04.2020 23:51 yasherebernalgoxa5kc

Holds huge reserves of oil. Assume that at the end of 2017, TexAm Petroleum's cost of oil reserves totaled $ 260000000, representing 200 comma 000 comma 000 barrels of oil. Suppose TexAm Petroleum removed and sold 24 000000 barrels of oil during 2018. Journalize depletion expense for 2018.

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