The Resource A primer on domestic oil and gas, part II : intangible drilling and development costs
A primer on domestic oil and gas, part II : intangible drilling and development costs
Resource Information
The item A primer on domestic oil and gas, part II : intangible drilling and development costs represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item A primer on domestic oil and gas, part II : intangible drilling and development costs represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- This article is the second in a four-part series examining the tax treatment of two kinds of costs pertaining to domestic oil and gas extraction: geological and geophysical (G & G) costs and intangible drilling and development costs (IDC). The owner of operating rights in an oil or gas property has the burden of developing the property, and in the course of developing the property by drilling oil or gas wells it incurs costs that are segregated between IDC and equipment costs. As noted, under certain circumstances the taxpayer has the option of expensing or capitalizing the IDC. This article considers the nature of this election as well as to consider in some detail the nature of IDC
- Language
- eng
- Label
- A primer on domestic oil and gas, part II : intangible drilling and development costs
- Title
- A primer on domestic oil and gas, part II : intangible drilling and development costs
- Language
- eng
- Summary
- This article is the second in a four-part series examining the tax treatment of two kinds of costs pertaining to domestic oil and gas extraction: geological and geophysical (G & G) costs and intangible drilling and development costs (IDC). The owner of operating rights in an oil or gas property has the burden of developing the property, and in the course of developing the property by drilling oil or gas wells it incurs costs that are segregated between IDC and equipment costs. As noted, under certain circumstances the taxpayer has the option of expensing or capitalizing the IDC. This article considers the nature of this election as well as to consider in some detail the nature of IDC
- Citation source
- In: Taxes - the tax magazine. - Chicago. - Vol. 90 (2012),
- http://library.link/vocab/creatorName
-
- Griffith, C.R
- Swiech, R.A
- Geographic coverage
- North America
- Language note
- English
- http://library.link/vocab/subjectName
-
- natural resources
- exploration expenditure
- drilling and development costs
- intangibles
- deductions
- Label
- A primer on domestic oil and gas, part II : intangible drilling and development costs
- Label
- A primer on domestic oil and gas, part II : intangible drilling and development costs
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/A-primer-on-domestic-oil-and-gas-part-II-/nG99KlmEHc4/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/A-primer-on-domestic-oil-and-gas-part-II-/nG99KlmEHc4/">A primer on domestic oil and gas, part II : intangible drilling and development costs</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/A-primer-on-domestic-oil-and-gas-part-II-/nG99KlmEHc4/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/A-primer-on-domestic-oil-and-gas-part-II-/nG99KlmEHc4/">A primer on domestic oil and gas, part II : intangible drilling and development costs</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
