Unlikely Corporation has a working interest in Lease A. As of 12/31/15, the lease had reserves as follows:

Calculate DD&A for each quarter of 2016, assuming the following production, using both methods described in the book.

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Proved developed reserves, oil: Proved reserves, oil: . . . Account balances at 12/31/15 were as follows: Proved property... Less: Accumulated DD&A-proved property. Net proved property.. Wells and equipment Less: Accumulated DD&A-wells and equipment Net wells and equipment. . . A new reserve estimate on October 31, 2016 was as follows: 120,000 bbl 180,000 bbl $ 120,000 40,000 $ 80,000 $1,600,000 300,000 $1,300,000 Proved developed reserves, oil: Proved reserves, oil: . . . . 100,000 bbl 150,000 bbl