intangible drilling cost

intangible drilling cost. Oil & gas. An expense that is incident to and necessary for drilling and completing an oil or gas well and that has no salvage value. • Intangible drilling costs may be deducted in the year they are incurred rather than capitalized and depreciated. 26 USCA § 612.
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译者黎川,毕业于世界顶级翻译学院,擅长翻译各种与专利与技术诉讼相关的法律文件。
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