Tall Oil Company has an offshore lease that has proved developed reserves of 50,000,000 barrels at the beginning of the year. Of those 50,000,000 barrels, 10,000,000 are associated with significant development costs to be incurred in the future. Total net capitalized drilling and equipment costs (i.e., wells and equipment) at the end of the year are $3,000,000. Production during the year was 260,000 barrels. The amortization amount is $___________