$3520000 $752000 $258000 $1590000 Sandhill Petroleum incurs the following costs to acquire a new property that the...

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$3520000 $752000 $258000 $1590000 Sandhill Petroleum incurs the following costs to acquire a new property that the company believes has large oil reserves that will be extracted over the next 10 years: Acquisition of property: Exploration and Evaluation of Reserves: Development Costs: PV of Site Restoration costs: The cost for the evaluation of the reserves includes 2 "dry holes" at a cost of $103000 each. If Sandhill is using the successful efforts method, what is the company's depletion base?

Posted Date: Mar 10, 2024 11:32 PM

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$3520000 $752000 $258000 $1590000 Sandhill Petroleum incurs the following costs to acquire a new property that the...

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