P 225, Q. 7 Chavez Petroleum's lease in Wyoming produces both oil and gas. Additional information as of 1/1/19 follows: I IDC.. .$900,000 Proved property costs, net... .100,000 L&WE... .300,000 Beginning of year accumulated DD&A.... .50,000 Estimated proved reserves, 12/31/19 Oil.. .200,000 bbl Gas. 1,000,000Mcf Production during 2019 Oil..... Gas.. .10,000bbl .300,000 Mcf REQUIRED: Compute amortization assuming the lease is fully developed: a. Assuming oil is the dominant mineral b. Using a common unit of measure based on BOE Saudi Aramco: Company General Use K esc ! @ 1 ) 2 0. A 888 W ... #3 F $ 64 w E R < < S :3 N b 6. A 3 X b D C < I ol option H command F CS" % olo5 6:" V ^ 6 T . 6. G Ch MacBook Pro C L B II & F 7 > Y 10 D 8 H T J 471 N! < 1) 01 [ 2.1 ( ) 9 9 3 R K 20 L C. M 9 < J 6 $ P V H command