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Lease record maintenance on unproved properties is expensed under full cost accounting. True False Shooting rights are expensed under successful efforts accounting. True False Production
Lease record maintenance on unproved properties is expensed under full cost accounting.
True
False
Shooting rights are expensed under successful efforts accounting.
True
False
Production costs are expensed under full cost accounting.
True
False
Cash lease bonus is expensed under successful efforts accounting.
True
False
Unproved property costs must be excluded in calculating amortization under full cost accounting.
True
False
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