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In the current year, Sunshine Petroleum constructed an offshore drilling platform at a cost of $30,000,000. During the year, only 3 of the planned 12

In the current year, Sunshine Petroleum constructed an offshore drilling platform at a cost of $30,000,000. During the year, only 3 of the planned 12 wells have been drilled. Other data include:

Leasehold costs $250,000

Drilling costs $2,500,000

Platform costs $30,000,000

Proved reserves at end of year 1,500,000 bbl

Proved developed reserves at end of year 800,000 bbl

Production during current year 120,000 bbl

Calculate amortization of Leasehold costs for the year (round to nearest whole dollar, include $ and commas):

Calculate amortization of IDC & Equipment for the year (round to nearest whole dollar, include $ and commas):

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