Jennings Oil began operations in 200A. The following transactions took place in the first two years of
operations. Each Block is a separate cost center. All properties are located offshore Norway.
Jennings uses successful-efforts accounting.
Well still in
Well dry (property
Calculate total DD&A for 200B using U.S. GAAP.
Calculate total DD&A for 200B using international GAAP. Assume that all possible costs are
capitalized and that probable reserves are included when computing DD&A.
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