Question
tina acquires oil and gas property intrest for $200000 in the current year Estimated recoverable units 20000 units produced 6000 units sold 4000 IDCs $20,000
tina acquires oil and gas property intrest for $200000 in the current year
Estimated recoverable units 20000
units produced 6000
units sold 4000
IDCs $20,000
Percent depletion $25,000
What is the cost depletion if idcs are expenced
What is the cost depletion if idcs are capitalized
how much depletion is deducted on the tax return
should the idcs be capitalized or expenced? explain
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Management Information Systems Managing the digital Firm
Authors: Kenneth C. Laudon, Carol Guercio Traver
14th edition
