E&E Assets Are Required to Be Tested for Impairment

question 5

Multiple Choice

E&E assets are required to be tested for impairment:

• A) when there is an indication that the assets may be impaired
• B) at least annually
• C) only where commercially feasible reserves are not found through the E&E activities
• D) prior to reclassification at the end of E&E activities

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Economic Model

A simplified representation of economic processes used to predict economic behaviors.

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