Unlikely Corporation has a working interest in Lease A. As of 12/31/15, the lease had reserves as follows: 11ec7775_98f8_9737_9634_3fd4f39cf791_SM1710_00 Calculate DD&A for each quarter of 2016, assuming the following production, using both methods described in the book. 11ec7775_98f8_9738_9634_87294cde54ea_SM1710_00

Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright

Edition 5ISBN: 9781630181031

Edition 5ISBN: 9781630181031

Exercise 21

Unlikely Corporation has a working interest in Lease A. As of 12/31/15, the lease had
reserves as follows:

Calculate DD&A for each quarter of 2016, assuming the following production, using
both methods described in the book.

Explanation

Verified

Depreciation:
It refers to the reductio...