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Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
Edition 5ISBN: 9781630181031Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
Edition 5ISBN: 9781630181031 Exercise 13
Dwight Oil Company computes DD&A on a fieldwide basis. Balance sheet data as of
12/31/15 for Dwight's Anadarko Basin field are as follows:
REqUIRED: Using BOE:
a. Calculate DD&A for 2016.
b. Calculate DD&A for 2016, assuming that part of the field, a proved property with
gross acquisition costs of $30,000, gross equipment cost of $70,000, and gross IDC
of $215,000, was abandoned during 2016.
12/31/15 for Dwight's Anadarko Basin field are as follows:
REqUIRED: Using BOE:a. Calculate DD&A for 2016.
b. Calculate DD&A for 2016, assuming that part of the field, a proved property with
gross acquisition costs of $30,000, gross equipment cost of $70,000, and gross IDC
of $215,000, was abandoned during 2016.
Explanation
Verified
Verified
Depreciation
DD and A stands for deprec...
Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
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