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Comprehensive Guide to Oil and Gas Accounting Practices

Concerns have been expressed about potential economic impacts of the statement such as effects on energy supply development and on competition within the industry. Depreciation and amortization, on the other hand, apply to tangible and intangible assets, respectively. Depreciation involves the systematic allocation of the cost of physical assets, such as drilling rigs and production… Continue reading Comprehensive Guide to Oil and Gas Accounting Practices