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0.75 points The Oil Corporation had the following costs at 31/12/19 relating to Lease A Proved property... Well No. 1: Wells and equipment.. $50,000

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0.75 points The Oil Corporation had the following costs at 31/12/19 relating to Lease A Proved property... Well No. 1: Wells and equipment.. $50,000 Accumulated 008A-proved property 30,000 400,000 350.000 500,000 Well No. 2: Wells and equipment.. Accumulated DOBA-wells... In January 2020. Well No. 1 quit producing and was abandoned. In March 2020, Well No. 2 quit producing and the well and the lease were abandoned. Surrendered lease expense account is debited in March 2000 by: A$ 300.000. 8.5370,000 C$270,000. 0.5 320.000

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