After 20 years of operations, Jenkins Oil still operates exclusively in the United States. The following data
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After 20 years of operations, Jenkins Oil still operates exclusively in the United States. The following data are available as of 12/31/2020:
REQUIRED: Compute DD&A assuming no exclusions from the amortization base.
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Unrecovered costs Net salvage value of properties. Estimated future development costs for proved reserves. Proved reserves, 12/31... Proved developed reserves, 12/31 Production.... $1,300,000 200,000 400,000 360,000 bbl 130,000 bbl 50,000 bbl
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