Support equipment used to drill a development well cost $13,000 and has a 10-year life with a

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Support equipment used to drill a development well cost $13,000 and has a 10-year life with a salvage value of $1,000. The equipment was used for three months in drilling Badger #1. Record depreciation. Ignore the wells-in-progress account and use the appropriate final account.

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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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