Under US GAAP, when would royalty reserves be included in the DD&A calculation made by a working

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Under US GAAP, when would royalty reserves be included in the DD&A calculation made by a working interest owner?

a. When using the working interest method

b. When using the economic interest method

c. When the reserves represent an economic entitlement under a PSC or similar contract

d. Only if the working interest owner also owns the royalty

e. Always

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Fundamentals Of Oil And Gas Accounting

ISBN: 9781593703639

6th Edition

Authors: Charlotte Wright

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Question Posted: Mar 08, 2024 10:02 AM

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Under US GAAP, when would royalty reserves be included in the DD&A calculation made by a working

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c When the reserves represent an economic entitlem...View the full answer

Fundamentals Of Oil And Gas Accounting

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