Tiger Energy, an independent producer, has average production from Lease A of 100 bbl/ day in 20XA

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Tiger Energy, an independent producer, has average production from Lease A of 100 bbl/ day in 20XA from Lease A. The average selling price of oil in 20XA is $58/

bbl. Net income from Lease A in 20XA is $820,000, and taxable income of the company is $2,000,000.

Compute percentage depletion.

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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 10:17 AM

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Tiger Energy, an independent producer, has average production from Lease A of 100 bbl/ day in 20XA

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Fundamentals Of Oil And Gas Accounting

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