Charles Bartz purchases a 1/8 ORI for $10,000. Proved reserves at year-end 2016 are 20,000 barrels, and

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Charles Bartz purchases a 1/8 ORI for $10,000. Proved reserves at year-end 2016 are 20,000 barrels, and production for 2016 was 3,000 barrels.

Prepare journal entries for Charles Bartz and compute DD&A for 2016.

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Fundamentals Of Oil And Gas Accounting

ISBN: 9781593701376

5th Edition

Authors: Charlotte J. Wright, Rebecca A. Gallun

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Question Posted: May 31, 2024 10:16 AM

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Charles Bartz purchases a 1/8 ORI for $10,000. Proved reserves at year-end 2016 are 20,000 barrels, and

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Fundamentals Of Oil And Gas Accounting

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