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After 20 years of operations, Prince Oil still operates exclusively in the United States. The following data are available as of 12/31/2020: Production 50,000 bbl
After 20 years of operations, Prince Oil still operates exclusively in the United States. The following data are available as of 12/31/2020: Production 50,000 bbl Proved developed reserves, 12/31 130,000 bbl Proved reserves, 12/31 360,000 bbl Unrecovered costs $1,300,000 Net salvage value of properties 200,000 Estimated future development costs for proved reserves 400,000 REQUIRED: Compute DD&A assuming no exclusions from the amortization base. For numerical answers: (1) DO NOT use commas to separate thousands places in numerical answers (2) use a minus sign to indicate negative numbers.(3) DO NOT use dollar signs. (4) amounts should be entered from smallest (at top of the entry line items) to largest (at bottom of the entry), which is ascending ord
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