Intangible Drilling and Development Costs (IDCs)may Be Deducted as an Expense

question 70

True/False

Intangible drilling and development costs (IDCs)may be deducted as an expense or may be capitalized.

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Definitions:

Automatization

the process through which tasks become automatic after extensive practice, requiring less cognitive effort.

Attentional Learning

The process by which learning occurs as a function of where and how an individual focuses their attention.

Attentional Resources

The cognitive capacity or energy available to a person for processing information and maintaining attention.