Oil & Gas
Gas Processing Plant — Straight-Line Depreciation
Depreciating a gas plant on a straight-line basis over its 30-year useful life.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Depreciation Expense — Gas Plant (SL) | Expense (+) | 236,111.00 | - |
| Accumulated Depreciation — Gas Plant | Contra-Asset (+) | - | 236,111.00 |
💡 Accountant's Note
When a gas plant serves multiple fields with different reserve lives, straight-line depreciation over its economic life is more appropriate than UOP. An JOD 85M plant over 30 years depreciates at JOD 236,111/month.
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