The Correct Journal Entry to Record Depletion for an Oil

question 23

Multiple Choice

The correct journal entry to record depletion for an oil well would include:

• A)a debit to Depletion Expense, Oil Well.
• B)a debit to Accumulated Depletion, Oil Well.
• C)a credit to Depletion Expense, Oil Well.
• D)none of the above.

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