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Posted by: Kafumba Kenneth
Price Quoted by Student: $1
Posted On: 2014-05-21 02:02:22
 
Question
Fitzgerald Oil and Gas incurred costs of $8.25 million for the acquisition and development of a natural gas deposit. The company expects to extract 3 million cubic feet of natural gas during a four-year period. Natural gas extracted during years 1 and 2 were 700,000 and 800,000 cubic feet, respectively. What was the depletion for year 1 and year 2?

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Price $1
Solution Posted By: Kafumba Kenneth    Posted on: 21-05-2014