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Anwer C plz Carla Vista Oil Company acquired property rights to search for natural resources on land that it is convinced has oil reserves, for

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Carla Vista Oil Company acquired property rights to search for natural resources on land that it is convinced has oil reserves, for $15,406,080. The contract requires that Carla Vista restore the property to a status usable for a park after drilling and extraction are complete. The estimated cost of this restoration is $2,364,000. Carla Vista incurs exploration costs of $1,339,000 and intangible development costs of $1,551,000. Geological surveys suggest that approximately 1,106,000 barrels of oil can be extracted from the site. In 2025, Carla Vista extracts 248,000 barrels of oil. (a) What is the depletion base for this location for Carla Vista Oil? $ Attempts: 1 of 3 used Using multiple attempts will impact your score. 10% score reduction after attempt 2 (b) What is the depletion cost per unit (barrel) to be used by Carla Vista for this site? (Round answer to 2 decimal places, e.g. 52.18.) $ per barrel (c) What journal entry is required to record the extraction of the oil for the first year? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)

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