Save A Question 36 10 points P36 (10 points) Belford Oil Corp, a successful effort company, drilled its first successful well on Lease Arma , this year Data for Lease Armado as the end of this year are as follows. Unrecovered IDC (unamortized IDC) $ 740,000 Proved property costs, net 200.000 L&WE gross 280.000 Beginning of year accumulated DD&A equipment 60,000 Estimated proved reserves Oil 150,000 bbl Gas 900,000 Mcf Production during this year Oil 20,000 bol Gas 60,000 Me Required: Assuming the lease is fully developed, compute amortization using a common unit of measure based on BOE