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When using the successful efforts method of accounting and a lease that is significant is considered impaired, the proper entry is: dr. Lease impairment expense

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When using the successful efforts method of accounting and a lease that is significant is considered impaired, the proper entry is: dr. Lease impairment expense cr. proved property dr. unproved property cr. proved property dr. Unproved property cr. Allowance for impairment dr. Lease impairment expense cr. Allowance for impairment

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