Sharon Montez purchases a 1/8 ORI for ($10,000.) Proved reserves at year-end 2006 are 20,000 barrels and
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Sharon Montez purchases a 1/8 ORI for \($10,000.\) Proved reserves at year-end 2006 are 20,000 barrels and production for 2006 was 3,000 barrels. Prepare journal entries for Sharon and compute DD&A for 2006.
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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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