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8 pts 18. Lynx Oil Company acquired a 1/8 ORI for $20,000. Proved reserves for Lynx Oil Company at December 31, 2018 are 32,000 barrels,

8 pts 18. Lynx Oil Company acquired a 1/8 ORI for $20,000. Proved reserves for Lynx Oil Company at December 31, 2018 are 32,000 barrels, and production for 2018 was 8,000 barrels. Compute DD&A for 2018 and prepare the journal entries for the acquisition and to record DD&A Erlit View Insert Format Tools Table 12ptv Paragraph BI a

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