Anonymous
Mar 14
Identify the expenses allowable in the computation of adjusted profit of a company in upstream petroleum operation?
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Mar 14
1. Exploration and appraisal costs
2. Development costs
3. Production costs
4. Depreciation and depletion expenses
5. Operating expenses
6. Administrative expenses
7. Financing costs
8. Taxes and royalties
9. Asset retirement obligations
10. Impairment charges
2. Development costs
3. Production costs
4. Depreciation and depletion expenses
5. Operating expenses
6. Administrative expenses
7. Financing costs
8. Taxes and royalties
9. Asset retirement obligations
10. Impairment charges
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