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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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