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Business, 07.05.2020 00:04 glocurlsprinces

Fitzgerald Oil and Gas incurred costs of $9.50 million for the acquisition and development of a natural gas deposit. The company expects to extract 3.80 million cubic feet of natural gas during a four-year period. Natural gas extracted during years 1 and 2 were 780,000 and 880,000 cubic feet, respectively. What was the depletion for year 1 and year 2

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Fitzgerald Oil and Gas incurred costs of $9.50 million for the acquisition and development of a natu...
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