Data for Lucky is as follows for all U.S. properties:

a. Apply the FC ceiling test and record any entries necessary, assuming that all possible costs are excluded from amortization.

b. Apply the FC ceiling test and record any entries necessary, assuming that all possible costs are being amortized.

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Acquisition costs of U/P, net of impairment Nondrilling evaluation costs of U/P-direct. Abandoned costs Dry holes on U/P..... $ 300,000 400,000 100,000 600,000 Capitalized costs of P/P 2,400,000 Costs of major development project (costs not included above). 800,000 Accumulated DD&A (assume same for Part A and Part B)... 700,000 Deferred income taxes. 500,000 PV of future gross revenue 4,100,000 PV of future related costs 1,400,000 Income tax effects-books versus tax 500,000 LCM of unproved properties.... 550,000