Asian Petroleum holds huge reserves of oil. Assume that at the end of 2017, Asian Petroleum's cost of oil reserves totaled $ 192 comma 000 comma 000, representing 120 comma 000 comma 000 barrels of oil. Suppose Asian Petroleum removed and sold 5 comma 000 comma 000 barrels of oil during 2018. Journalize depletion expense for 2018.
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