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What details are required for the capitalization policy?

April 26, 2017capitalization policy

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What details are required for the capitalization policy?

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Identify the capitalization methodology used by the operator of the OSR project. Some examples of methodologies are: Full Cost, Successful Efforts and Expenditure Specific. In addition, identify the dollar threshold used within the company, e.g. costs in excess of $20,000 are capitalized.