"Please help me with my accounting problem. I don't know how to answer it."

Question 1 An oil company in New Brunswick has a licence to operate an oil well that has just started producing. The company expects to extract 394,000 barrels of oil this year and the total oil reserves are estimated to be 4,073,000 barrels. Their capitalized costs for the oil field are $11,220,000. What is the terminology used for depreciation of intangibles, such as a licence, called? Using units-of-production method, calculate how much of this expense they will report this year? (Round answers to the nearest whole dollar, e.g. 5,275.) Amortization expense