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

تمرين 11

Use the same facts as problem 19 and prepare entries using the following
independent assumptions:
a. Lease A is abandoned in 2016.
b. Lease A is proved in 2016.
c. Insignificant Lease Y, with a cost of $3,000, is abandoned.
d. Insignificant Lease X, with a cost of $5,000, is proved.