What is the appropriate accounting treatment for an individually significant unproved property that is proved? a. The
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What is the appropriate accounting treatment for an individually significant unproved property that is proved?
a. The net carrying value of the property is reclassified to a proved property account.
b. The original cost of the property is reclassified to a proved property account.
c. The original cost of the property is written off to expense.
d. The original cost of the property is transferred to a wells and equipment account.
e. None of these applies.
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