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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 16
In full cost and successful efforts accounting, costs are amortized over either
proved reserves (PR) or proved developed reserves (PDR). Fill in the following
table to indicate which reserves (PR or PDR) should be used to amortize the costs
under each accounting method. If the costs should not be amortized, put an X to
indicate no amortization.
proved reserves (PR) or proved developed reserves (PDR). Fill in the following
table to indicate which reserves (PR or PDR) should be used to amortize the costs
under each accounting method. If the costs should not be amortized, put an X to
indicate no amortization.
Explanation
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Verified
Determine cost is Expense(E) or capitali...
Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
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