Construct a depletion schedule for an oil field

Reference no: EM131307166

Construct a depletion schedule for an oil field that is purchased for $780,000 and promises to produce 25,000, 40,000, 55,000, 45,000, and 35,000 barrels of oil in 5 years, after which the salvage value of the field is estimated at $12,000.

Reference no: EM131307166

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