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:

Ova

The female reproductive cells, or eggs, which are capable of developing into a new organism when fertilized by a sperm cell.

Oocytes

Immature eggs found in the ovaries of females that, upon maturation, can undergo ovulation and potentially fertilization.

Endometrium

The mucous membrane lining the interior of the uterus, which thickens during the menstrual cycle in preparation for possible implantation of an embryo.

Blastocyst

An early stage of embryonic development, a structure formed in the early development of mammals, consisting of a sphere of cells surrounding an inner fluid-filled cavity.