Upbeat Petroleum operates solely in the United States. The following data are as of 12/31/2019. REQUIRED: Compute
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Upbeat Petroleum operates solely in the United States. The following data are as of 12/31/2019.
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 .... $900,000 50,000 200,000 150,000 bbl 80,000 bbl 30,000 bbl
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