Use the same facts as Problem 19 and prepare entries using the following independent assumptions: a. Lease

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Use the same facts as Problem 19 and prepare entries using the following independent assumptions:

a. Lease A is abandoned in 2006.

b. Lease A is proved in 2006.

c. Insignificant Lease Y, with a cost of $$3,000$ is abandoned.

d. Insignificant Lease X, with a cost of $$5,000$ is proved.

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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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Question Posted: May 29, 2024 08:05 AM

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Use the same facts as Problem 19 and prepare entries using the following independent assumptions: a. Lease

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Fundamentals Of Oil And Gas Accounting

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