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Marvel Oil Corporation uses the full cost method of accounting. The following costs are incurred during 2 0 1 9 : During 2 0 2

Marvel Oil Corporation uses the full cost method of accounting. The following
costs are incurred during 2019:
During 2020, the following costs were incurred:
Delay rentals were paid on Lease A, $2,000, and Lease B, $3,000.
In the latter half of 2020, drilling operations were commenced on both leases, and
costs were incurred as follows:
G&G costs to locate wellsite
Tank battery
Flow lines:
REQUIRED: Record the above transactions.
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