When is a ceiling test write-down required? a. When the ceiling exceeds the total net capitalized costs

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When is a ceiling test write-down required?

a. When the ceiling exceeds the total net capitalized costs

b. When the total net capitalized costs exceeds the present value of future net revenues from proved reserves

c. When the total net capitalized costs exceed the ceiling

d. Quarterly

e. None of these

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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 10:01 AM

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When is a ceiling test write-down required? a. When the ceiling exceeds the total net capitalized costs

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A ceiling test writedown is required b When the total net capital...View the full answer

Fundamentals Of Oil And Gas Accounting

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