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Fitzgerald Oil and Gas incurred costs of $9.24 million for the acquisition and development of a natural gas deposit. The company expects to extract 4.20
Fitzgerald Oil and Gas incurred costs of $9.24 million for the acquisition and development of a natural gas deposit. The company expects to extract 4.20 million cubic feet of natural gas during a four-year period. Natural gas extracted during years 1 and 2 were 820,000 and 920,000 cubic feet, respectively. What was the depletion for year 1 and year 2 (Enter your answers in whole dollars.) Year 2 depletion
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