Question 20 Not yet answered ABC Company obtained an exploration license to search for oil in a certain area with a $10,000,000 cost. The cost to lease the land was $3,000,000 and estimated restoration cost was $1,000,000. In addition, the company paid the following cost on two holes, A and B. 6 7 Morked out of 100 11 12 r og question 16 17 Cost Item Cost Drilling $15,000,000 Trenching 6,000,000 Sampling 4,000,000 If the company found oil only on hole A, which represents 60% of the exploration cost total cost that must be expensed under successful effort method is: 21 22 Finish a Timele Select one: O a $0 O b. $10,000,000 O c. $29,000,000 d. $24,000,000 e. Another amount