Fitzgerald Corporation began operating on 1/1/18. At 12/31/18, the company owned the following leases in the United States:

The production was sold at $150/bbl and $5.50/Mcf. Current prices at 12/31/18 are $140/bbl and $6.00/Mcf.

REQUIRED: Compute DD&A for Canada, assuming the following:

a. No exclusions from the amortization base, and using unit-of-production converted to a common unit of measure based on energy (equivalent Mcf).

b. No exclusions from the amortization base, and using unit-of-revenue method.

c. All possible costs are excluded from amortization, and using a common unit of measure based on energy (equivalent Mcf).

d. All possible costs are excluded from amortization, and using unit-of-revenue method.

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Lease A-Proved property -Wells and equipment. Lease B-Proved property -Wells and equipment. Lease C-Unproved property. -Wells-in-progress-Lease C Proved Reserves Oil..... -Gas Production-Oil.. Gas.. $75,000 500,000 90,000 800,000 60,000 125,000 200,000 bbl 900,000 Mcf 10,000 bbl 50,000 Mcf The production was sold at $150/bbl and $5.50/Mcf. Current prices at 12/31/18 are $140/bbl and $6.00/Mcf.