District office expenses were $48,000 for July 2018. The district office supervised the following leases: a. Record

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District office expenses were $48,000 for July 2018. The district office supervised the following leases:image text in transcribed

a. Record lease operating expense, assuming allocation based on the number of wells.

b. Record lease operating expense, assuming allocation based on the barrels of oil produced.

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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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