on April 1, 2014, Marlin Company purchased a producing oil well at a cash of $3,500,000. it is estimated that 500,000 barrels of oil can be produced over the remaining life of the well. By December 31, 2014, 25,000 barrels of oil had been produced and sold. The amount of depletion on this well for 2014 would be

Question 1 (of 10) On April 1,2014, Marin Company purchased a producing o wel at a cash cost of $3.50000 is estimated that s00000 barrels of oil can be produced over the remaining ife of the wel By December 31, 2014, 25.000 barrels of oil had been produced and sold. The amount of depletion expense on this well for 2014 would be O $17500 o $200,000 O $175.000 $12.000. +11: 13:47 O