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QUESTION 21 Prepare Balance Sheet for Tebo Energy under Successful Effort (SE) and Full Cost (FC) accounting method using the same following costs incurred DD&A

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QUESTION 21 Prepare Balance Sheet for Tebo Energy under Successful Effort (SE) and Full Cost (FC) accounting method using the same following costs incurred DD&A recognized and the following revenues recorded (10 pts) Revenue G&G Costs Acquisition Costs Exploratory dry hole Successful exploratory well Development wells, dry hole Production Facilities Production Costs DD&A Accumulated DD&A $13,250,000 $1,000,000 $1,100,000 $4,400,000 $6,800,000 $7,500,000 $1,050,000 $ 500,000 $ 90,000 (SE): $125,000 (FC) $ 150,000 (SE): $360,000 (EC) For the tourness ALT+F10 (PGH ALT+FN+F 10 (Mac)

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