District office expenses were $48,000 for July 2018. The district office supervised the following leases: 11ec7775_9915_e271_9634_8b527c123113_SM1710_00 a. Record lease operating expense, assuming allocation based on the number of wells. b. Record lease operating expense, assuming allocation based on the barrels of oil produced.

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

النسخة 5الرقم المعياري الدولي: 9781630181031

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

النسخة 5الرقم المعياري الدولي: 9781630181031

تمرين 19

District office expenses were $48,000 for July 2018. The district office supervised the
following leases:

a. Record lease operating expense, assuming allocation based on the number of wells.
b. Record lease operating expense, assuming allocation based on the barrels
of oil produced.

التوضيح

موثّق

a.If the allocation is based o...