Submit Test Time Remaining: 00:3733 Test: 2017 ACC 121-04 Fall Final This Test: 63 pts possible 30 or 50 (44 complete) This Question: 1 pt An olil well cost $1,852 500 and is calculated to hold 190,000 barrels of oil. There is no residual value Which answer to the nearest doliar) journal entry is needed to record the expense for the 000 barnels were sold curing the year Round any intermediate calcuations to the nearest cent, and your final 372 400 O A. Depletion Expense Oil O B. Cost of Goods Sold - Oil O C. Oil Reserve Inventory 372.400 Oil Revenue 372.400 372 400 372.400 Accumulated Depletion Oil 372 400 O D. Depletion Expense - Ol Accumulated Depletion +O