Which of the Following Statements Is True About Successful Efforts

question 23

Multiple Choice

Which of the following statements is true about successful efforts accounting?

• A)It is a depreciation method
• B)All costs are recorded as assets and then depleted over the resource's useful life.
• C)The cost of a dry well would be written off immediately as a loss.
• D)The cost of successful exploration is recorded as an asset and is not written off.

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