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The 2014 Annual Report of Fracking,Inc

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The 2014 annual report of Fracking,Inc. ,provides the following disclosures regarding its oil and gas operations:
The 2014 annual report of Fracking,Inc. ,provides the following disclosures regarding its oil and gas operations: During 2014,the company reported exploration expenses totaling $306 million,and depreciation,depletion,and amortization totaling $1,198 million.The amount of capitalized costs for the fiscal years ending December 31,2014,and 2013,were: Fracking uses the successful-efforts method to account for exploration costs. Required: During 2014,the company reported exploration expenses totaling $306 million,and depreciation,depletion,and amortization totaling $1,198 million.The amount of capitalized costs for the fiscal years ending December 31,2014,and 2013,were:
The 2014 annual report of Fracking,Inc. ,provides the following disclosures regarding its oil and gas operations: During 2014,the company reported exploration expenses totaling $306 million,and depreciation,depletion,and amortization totaling $1,198 million.The amount of capitalized costs for the fiscal years ending December 31,2014,and 2013,were: Fracking uses the successful-efforts method to account for exploration costs. Required: Fracking uses the successful-efforts method to account for exploration costs.
Required:
The 2014 annual report of Fracking,Inc. ,provides the following disclosures regarding its oil and gas operations: During 2014,the company reported exploration expenses totaling $306 million,and depreciation,depletion,and amortization totaling $1,198 million.The amount of capitalized costs for the fiscal years ending December 31,2014,and 2013,were: Fracking uses the successful-efforts method to account for exploration costs. Required:

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