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Buiring 2024, a company incured $5,500,000 in exploration costs for each of 20 oil wells drilied in 2024 . Or the 20 wells dilied, 12

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Buiring 2024, a company incured $5,500,000 in exploration costs for each of 20 oil wells drilied in 2024 . Or the 20 wells dilied, 12 were diy holes: The company. uses the successful efforts method of accounting. Assuming that none of the ols found is depleted in 2024 . what oll exploration expense would the company record foc tha actilly in its 2024 income statement? Nation cheice 50 5440 milion sesio mition 5400 mition

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