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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
Data for Porch Oil Company is as follows for all U.S. properties: 
a. Apply the full cost ceiling test and record any entries necessary, assuming that all
possible costs are excluded from amortization.
b. Apply the full cost ceiling test and record any entries necessary, assuming that all
possible costs are being amortized.
a. Apply the full cost ceiling test and record any entries necessary, assuming that allpossible costs are excluded from amortization.
b. Apply the full cost ceiling test and record any entries necessary, assuming that all
possible costs are being amortized.
Explanation
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P Oil Company's data are as follows for ...
Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
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