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please help asap. will give thumbs up! On September 1,2025 , Beahan Ltd incurred costs of $22.8 million for the rights to extract resources from

please help asap. will give thumbs up! image text in transcribed
On September 1,2025 , Beahan Ltd incurred costs of $22.8 million for the rights to extract resources from a natural gas deposit. The company expects to extract 6.0 million cubic feet of natural gas during a 4-year period. Beahan Ltd extracted 600,000 cubic feet of natural gas in 2025 and 1,250,000 cubic feet in 2026. How much depletion expense should Beahan Ltd report in 2025 and 2026? What is the book value of the natural gas deposit on December 31, 2025 and December 31, 2026? [8 points]

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