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Maram Oil Company, uses successful cost approach, paid the following cost in relation to its leases in 2020: Shooting rights Legal cost for title defense

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Maram Oil Company, uses successful cost approach, paid the following cost in relation to its leases in 2020: Shooting rights Legal cost for title defense Lease bonus Dry holes contribution Delinquent property taxes(nonrecoverable) G&G Cost $60,000 $30,000 $80,000 $40,000 $10,000 $50,000 How much is the cost to capitalize for the year 2020? OA. $110,000 B. 590,000 C. $80,000 D. $120,000

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