Oil & Gas
DD&A — Facilities and Equipment (Units of Production)
Monthly depletion, depreciation, and amortization of all producing assets using the UOP method.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| DD&A Expense (Production Facilities) | Expense (+) | 2,800,000.00 | - |
| Accumulated DD&A (Production Facilities) | Contra-Asset (+) | - | 2,800,000.00 |
💡 Accountant's Note
All capitalized development costs (platforms, pipelines, processing) are depleted using UOP. The rate is: (Net Book Value / Remaining Proved Developed Reserves) × Production Volume. High production months yield higher DD&A.
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