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Case 5:Gamma Oil Company obtained the rights to shoot 25,000 acres at acost of $0.20/acre on May 3, 2017. Gamma contracted and paid$80,000 for a

Case 5:Gamma Oil Company obtained the rights to shoot 25,000 acres at acost of $0.20/acre on May 3, 2017. Gamma contracted and paid$80,000 for a reconnaissance survey during 2017. As a result ofth 2 answers

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