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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 17
Bayou Oil Corporation had the following information and account balances for the
years shown relating to Lease No. 1.
REqUIRED: Compute DD&A for the year ended 12/31/16 using:
a. A common unit of measure based on equivalent Mcf
b. Gas as the dominant mineral
c. Same relative proportion
years shown relating to Lease No. 1.
REqUIRED: Compute DD&A for the year ended 12/31/16 using:a. A common unit of measure based on equivalent Mcf
b. Gas as the dominant mineral
c. Same relative proportion
Explanation
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Depreciation, Depletion and Amortization...
Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
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