Carter Co.acquired drilling rights for $18,550,000.The oil deposit is estimated at 74,200,000 gallons.During the current year,6,000,000 gallons were drilled.Journalize the adjusting entry at December 31 to recognize the depletion expense.Journal 
Definitions:
French Fries
Sliced potatoes that are deep-fried and typically served as a side dish or snack.
Utility Function
A mathematical representation that associates levels of utility or satisfaction a consumer derives from consumption of goods and services.
Corn Chips
A type of snack made from cornmeal fried or baked in oil, often seasoned, and served as a crispy treat.
French Fries
A popular dish made from deep-fried potato strips, often served as a side dish or snack.
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