Ajax Oil Corporation drilled its first successful well on Lease A in 2018. Data for...

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Ajax Oil Corporation drilled its first successful well on Lease A in 2018. Data for Lease A as of 12/31/18 are as follows: Leasehold costs $ 50,000 Well IDC 200,000 L&WE 75,000 Production during 20188,000 bb! Total estimated proved reserves, 12/31/18792,000 bbl Total estimated reserves recoverable from well, 12/31/18102,000 bb REQUIRED: Compute amortization for 2018. WEETER PE For numerical answers. (1) DO NOT use commas to separate thousands places in numerical answers (2) use a minus sign to indicate negative numbers (3) DO NOT use dollar signs, TYPE AMOUNT LEASEHOLD IDC & EQUIPMENT TOTAL

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