OIL & GAS (ENERGY) ACCOUNTING

When using the successful efforts method of accounting and a lease that is significant is considered impaired, the proper entry is

A. dr. Lease impairment expense _________cr. proved property

B. dr. Unproved property ___________cr. proved property

C. dr. Unproved property ___________cr. Allowance for impairment

D. dr. Lease impairment expense ____________cr. Allowance for impairment