Tina and Josephine company limited is a successful method company. The following costs were incurred in...

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Tina and Josephine company limited is a successful method company. The following costs were incurred in respect of the company's oil and Gas properties located near Tordomga- Konshisha as at 31 December 2021: Proved property cost Unproved property costs Non-drilling exploration costs, proved properties Non-drilling exploration costs, unproved properties Drilling costs, proved properties Wells in progress, unproved properties Dry holes, unproved properties 40,000 70,000 80,000 100,000 400,000 600,000 900,000. Other DATA: 300,000 Future development costs Future decommissioning costs(on future development projects) 400,000 500,000 Proved reserves 31/12/2021 (bbl) Production for the year (bbl) 100,000 Total accumulated DD& A 490,000 You are required to Calculate DD& A for 2021 year Assuming all possible cost are included in the amortization base. Tina and Josephine company limited is a successful method company. The following costs were incurred in respect of the company's oil and Gas properties located near Tordomga- Konshisha as at 31 December 2021: Proved property cost Unproved property costs Non-drilling exploration costs, proved properties Non-drilling exploration costs, unproved properties Drilling costs, proved properties Wells in progress, unproved properties Dry holes, unproved properties 40,000 70,000 80,000 100,000 400,000 600,000 900,000. Other DATA: 300,000 Future development costs Future decommissioning costs(on future development projects) 400,000 500,000 Proved reserves 31/12/2021 (bbl) Production for the year (bbl) 100,000 Total accumulated DD& A 490,000 You are required to Calculate DD& A for 2021 year Assuming all possible cost are included in the amortization base.