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Boone has the following capitalized costs related to unproved Lease Two (1200 acres) $48,000. Before the end of the primary term, Boone obtained a top

Boone has the following capitalized costs related to unproved Lease Two (1200 acres) $48,000. Before the end of the primary term, Boone obtained a top lease on Lease Two, paying a lease bonus of $125/acre, with the lease taking effect prior to the end of the primary term.

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