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Fitzgerald Oil and Gas incurred costs of $9.36 million for the acquisition and development of a natural gas deposit. The company expects to extract 3.60
Fitzgerald Oil and Gas incurred costs of $9.36 million for the acquisition and development of a natural gas deposit. The company expects to extract 3.60 million cubic feet of natural gas during a four-year period. Natural gas extracted during years 1 and 2 were 760,000 and 860,000 cubic feet, respectively. What was the depletion for year 1 and year 2? (Do not round your intermediate calculation. Enter your answers in whole dollars.)
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