Clark oil and gas incurred costs of $15.3 million for the rights to extract resources from a natural gas deposit.
the company expects to extract 8 million cubic feet of natural gas during a six-year period.
natural gas extracted during years 1 and 2 were 800,000 and 1,600,000 cubic feet, respectively.
what was total depletion for year 1 and year 2, assuming the company uses the units-of-production method?
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Clark oil and gas incurred costs of $15.3 million for the rights to extract resources from a natural...
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