District office expenses were ($48,000) for July 2008. The district office supervised the following leases: a. Record
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District office expenses were \($48,000\) for July 2008. The district office supervised the following leases:
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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Related Book For 
Fundamentals Of Oil And Gas Accounting
ISBN: 9780878147939
4th Edition
Authors: Rebecca A. Gallun, Ph.D. Wright, Charlotte J, Linda M. Nichols, John W. Stevenson
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