Question
question to be answered with always having the option of a/b/c/d In FC and SE accounting, costs are amortized over either proved reserves ( PR
question to be answered with always having the option of a/b/c/d
- In FC and SE accounting, costs are amortized over either proved reserves (PR) or proved developed reserves (PDR).
Considering themethodof accounting, match the costs with the appropriate reserves used to amortize each cost category - if the costs should not be amortized, chooseX-No DD&Ato indicate no amortization.
-
A.
B.
C.
D.
(SE) proved property acquisition
-
A.
B.
C.
D.
(SE) unproved property acquisition
-
A.
B.
C.
D.
(SE) successful exploratory drilling
-
A.
B.
C.
D.
(SE) Successful development drilling
-
A.
B.
C.
D.
(SE) Unsuccessful exploratory drilling
-
A.
B.
C.
D.
(SE) Unsuccessful development drilling
-
A.
B.
C.
D.
(SE) G&G costs
-
A.
B.
C.
D.
(SE) wells-in-progress
-
A.
B.
C.
D.
(FC), proved property acquisition
-
A.
B.
C.
D.
(FC), Unproved property acquisition
-
A.
B.
C.
D.
(FC) Unsuccessful exploratory drilling
-
A.
B.
C.
D.
(FC), G&G costs
PDR=A
PROB=B
X - No DD&A=C
PR=D
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