Question: Use the same facts as Problem 19 and prepare entries using the following independent assumptions: a. Lease A is abandoned in 2006. b. Lease A

Use the same facts as Problem 19 and prepare entries using the following independent assumptions:

a. Lease A is abandoned in 2006.

b. Lease A is proved in 2006.

c. Insignificant Lease Y, with a cost of \($3,000\) is abandoned.

d. Insignificant Lease X, with a cost of \($5,000\) is proved.

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