What accounting treatment is given to the following costs under successful efforts? acquisition costs exploration costs development
Question:
What accounting treatment is given to the following costs under successful efforts?
- acquisition costs
- exploration costs
- development costs
- production costs
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Under the successful efforts method of accounting for oil and gas operations the treatment of various costs is as follows 1 Acquisition Costs Acquisit...View the full answer
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Kirti Rahuja
I have been teaching people around me since time immemorable since this is one thing which i am thoroughly passionate about and does not make me feel as if am working. At times i may feel exhausted physically but my mind is always craving to embark upon this journey of learning and teaching.
i have taught both my children upto class 10 because of which they were never compelled to go for any form of additional guidance. I have also taught a few of my relatives and neighbours who wanted my help at different stages of their academic life,be it school or university , i have guided people at all stages.
Coming to my academic background, I completed my schooling from St.Thomas School,Delhi and went on to become the subject topper in business in class XII and got into the prestigious Hansraj College,Delhi University to complete my bachelors in Economic (Hons) with first division, unfortunately I could not go for masters despite clearing the requisite entrance due to the conservative atmosphere prevelant in my family.
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