Asset on balance sheet based problem


Question: During 2013 oil company engaged in 86 different exploratory projects only 20 successful costs was 24 million 5.6 million was associated withe success end of 2013 production not started. Using success method how much would be shown on income statement 2013? How much will be capitalized and shown as an asset on balance sheet? Same for the full cost method. How do I figure this out?

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Accounting Basics: Asset on balance sheet based problem
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