Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

cost depletion

Read a random definition: conformity hearing

A quick definition of cost depletion:

Cost depletion is a way for oil and gas producers to recover their investment in a producing well. It works by deducting the investment proportionately over the life of the well as oil and gas are produced and sold. This means that the investment is recovered gradually over time, based on the current sales of oil and gas compared to the total anticipated sales from the property. It's like slowly getting your money back as you sell more and more oil and gas from the well.

A more thorough explanation:

Cost depletion is a method used by oil and gas producers to recover their investment in a producing well. It involves deducting the investment proportionately over the producing life of the well. This is different from percentage depletion, which is based on a percentage of the gross income from the sale of oil and gas.

For example, if an oil and gas producer invests $1 million in a well and the well has a producing life of 10 years, the producer can deduct $100,000 per year ($1 million divided by 10 years) from their income as oil and gas are produced and sold.

The formula for cost depletion takes into account the current unit sales of oil and gas and the total anticipated sales from the property. The investment is recovered ratably over the life of the reserves.

Overall, cost depletion allows oil and gas producers to recover their investment in a more accurate and fair way, based on the actual production and sales of oil and gas from the well.

cost-book mining company | cost, insurance, and freight

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
LSD+ is ad-free, with DMs, discounts, case briefs & more.