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7. Both oil and gas are produced from Inferno Company?s lease in Texas. Additional information, 1/1/07: Unrecovered IDC -$900,000 Proved Property costs -100,000 L&W equipment,
7. Both oil and gas are produced from Inferno Company?s lease in Texas.
Additional information, 1/1/07:
Unrecovered IDC -$900,000
Proved Property costs -100,000
L&W equipment, gross 300,000
Accumulated DD&A (beginning of 2006)50,000
Estimated Proved Reserves 12/31/07
Oil200,000 bbl
Gas1,000,000 Mcf
compute the amortization 2006
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Observation And Audit Techniques For Measuring Retail Sales
Authors: Earl E. Houseman
1st Edition
0428139841, 978-0428139841
