Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright

تمرين 5

Support equipment used to drill a development well cost $13,000 and has a 10-year life
with a salvage value of $1,000. The equipment was used for three months in drilling
Badger #1. Record depreciation. Ignore the wells-in-progress account and use the
appropriate final account.