Question 1 0.75 points The Oil Corporation had the following costs at 31/12/19 relating to Lease Ac Proved property..... $50.000 Accumulated DOBA-proved property 30,000 Well No. 1: Wells and equipment... 400,000 Accumulated DO&A-wells. 350,000 500.000 Well No. 2: Wells and equipment.. In January, 2020, well No. 1 quit producing and was abandoned. in March 2020. Well No. 2 quit producing, and the v I and the lease were abandoned. Accumulated depreciation account is debited in March 2020 by A $500,000 B350,000 C$ 150.000 0.5 100.000