MC Qu. 6-74 On April 1. Year 1, Fossil... On April 1 Year 1. Fossil Energy Company purchased an all producing well at a cash cost of $10,620 000 it is estimated that the of well contains 820,000 barrels of olof which only 720,000 can be profitably extracted By December 31 Year 1.36.000 barrels of oil were produced and sold the amount of dopletion expense for Yeart on this well would be: Do not round intermediate calculations.)