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  • 21-10-2022
  • Business
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fitzgerald oil and gas incurred costs of $9.24 million for the acquisition and development of a natural gas deposit. the company expects to extract 4.00 million cubic feet of natural gas during a four-year period. natural gas extracted during years 1 and 2 were 800,000 and 900,000 cubic feet, respectively. what was the depletion for year 1 and year 2?

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