In full cost accounting, when oil and gas are produced jointly, what basis or units of measure
Question:
In full cost accounting, when oil and gas are produced jointly, what basis or units of measure are allowed for full cost DD&A?
a. Relative energy content only
b. Relative revenue only
c. Either energy or relative revenue
d. Relative revenue must be used if the difference between the two methods is material.
e. None of these
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