What is the proper accounting treatment for an exploratory-type stratigraphic test well that is dry? a. Charge
Question:
What is the proper accounting treatment for an exploratory-type stratigraphic test well that is dry?
a. Charge to G&G expense
b. Charge to dry-hole expense
c. Capitalize as unproved property cost
d. Capitalize as exploratory drilling-in-progress
e. None of these
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