The Tarrow oil Drilling Company paid shs. 80,000,000 for the right to explore for a oil deposit on 1000 acres of land in North Eastern Kenya. Costs of exploring for the oil deposit totaled shs. 64,000,000 and intangible development costs incurred in digging and erecting the mine shaft were shs. 40,000,000. In addition, Tarrow acquired new drilling equipment for the project at a cost of shs. 48,000,000. After the oil is extracted from the well, the equipment will be sold. Tarrow is required by its contract to restore the land to a condition suitable for recreational use after it Drills the oil. The company has provided the following three cash flow possibilities (good, average and best) for the restoration costs to be paid in three years, after oil drilling is completed Cash outflow probability Good Average Best 40,000,000 30% 48,000,000 50% 56,000,000 20% The company's risk adjusted interest rate is 8% Required (a) Show the total costs to be capitalized for oil deposits excavation and drilling (b) Distinguish between the following pair of terms i. Depreciation and amortization ii. Copyright and a patent (10 Marks) (10 Marks)