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Mateen Corporation operates solely in Alaska. The following data are as of 31 December 2019: Unrecovered cost $900,000 Net salvage value of properties $50,000 Estimated

Mateen Corporation operates solely in Alaska. The following data are as of 31 December 2019:


Unrecovered cost $900,000

Net salvage value of properties $50,000

Estimated future development cost for proved reserves $200,000

Proved reserves, Dec 31 150,000bbl

Proved developed reserves, Dec. 31 80,000bbl

Production 30,000bbl


Compute DD&A assuming no exclusions from the amortization base.

$177,500

$157,000

$177,000

$175,800

$170,000

$175,000

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