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Q 5. How should the cost of drilling service wells be accounted for? ( 0.25 marks) a) Capitalized as a development cost b) Expensed as

Q 5. How should the cost of drilling service wells be accounted for? ( 0.25 marks) a) Capitalized as a development cost b) Expensed as an operating cost c) Charged against accumulated depreciation d) Expensed as an exploration cost e) None of these

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