11 AAC 83.232 - Development account and production revenue account - In general
(a) Unless
otherwise specified, a lessee's costs under this chapter are regarded as being
incurred on an accrual basis.
(b)
When a lessee incurs costs under this chapter and part or all of those costs
are reimbursable to the lessee from one or more third parties, only the
unreimbursed portion of those costs of the lessee may be used in calculating
that debit.
Notes
Authority:AS 38.05.020
AS 38.05.180
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