During 2017, Aggie Oil Corporation constructed an offshore production platform at a cost of $25,000,000. In total, 16 wells are planned. As of 12/31/17, only 2 out of the 16 wells had been drilled. Calculate DD&A given the following information:

Leasehold Costs	300,000
Drilling Costs	2,200,000
Platform Costs	25,000,000
Proved Reserves 12/31/2017	1,800,000 bbl
Proved Developed Reserves 12/31/2017	900,000 bbl
Production	100,000 bbl

a. What is the book value at the end of the year?

b. What is the DD&A for the year, based on the book value?