Sells Oil Company, a full cost company, has total capitalized costs in Venezuela of ($20,000,000) and accumulated

Question:

Sells Oil Company, a full cost company, has total capitalized costs in Venezuela of $$20,000,000$ and accumulated DD&A of $$4,000,000$. Proved reserves in Venezuela are 2,000,000 barrels. Reserves of 500,000 barrels are sold to Oyona Oil Company for $$8,000,000. $

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