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Al Kawthar Company has oil and gas properties located only in the United States. Data for Al Kawthar Company as of December 31, 2020, are
Al Kawthar Company has oil and gas properties located only in the United States. Data for Al Kawthar Company as of December 31, 2020, are as follows: Cost to be amortized Production during 2020 Oil Gas Proved reserves, 31/12/20 Oil Gas 37,500,000 19,000,000 bbl 18,000,000 Mcf 14,000,000 bbl 32,000,000 Mcf Selling price at 31/12/20 Oil Gas Average selling price during 2020 Oil Gas Compute the PP&A based on unit-of-revenue for 2020. Show ALL workings. 120 bbl 20 Mcf 110 bbl 12 Mcf
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