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1) Dr. Impairment for unproved properties - group 539,000 2) Dr. Impairment for unproved properties - group 1, 650.000 3)Dr.Impairment for unproved properties - group

1) Dr. Impairment for unproved properties - group 539,000
2) Dr. Impairment for unproved properties - group 1, 650.000
3)Dr.Impairment for unproved properties - group 593.000
4) Allowance for impairment - group 924.000
5) Dr.Allowance for impairment - group
687.500
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Eimaan oil company has an unproved property account containing leases not considered individually significant with a balarice of $1,650,000 on 31 December 2021. Meanwhile, the allowance for impairment account had a $385,000 balance. The company policy provides for year-end allowance equal to 56% of the gross unproved properties. Which one is the part of the correct journal entry? O DE impairment for unproved properties-group 539,000 Impairment for unproved properties group 1,650,000 Impairment for unproved properties-group Dr. Dr. 593,000

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