Intercontinental Oil and Gas Company drilled an exploratory well that found reserves, but the reserves could not
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Intercontinental Oil and Gas Company drilled an exploratory well that found reserves, but the reserves could not be classified as proved at that time. No major capital expenditure was required. How should the costs of the well be handled, assuming the company attention is currently focused on other projects?
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Related Book For
Fundamentals Of Oil And Gas Accounting
ISBN: 9781593701376
5th Edition
Authors: Charlotte J. Wright, Rebecca A. Gallun
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