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DD&A
The Petroware2000 Depreciation, Depletion and Amortization Module (DD&A) allows you to set up leasehold assets and reserves for depletion calculation as well as assets for computation of depreciation and amortization.
- Calculates depletion using either the cost or
percentage method.
- Percentage method depletion utilizes the "daily
production" and "taxable income" limitations.
- Tax depreciation is calculated on all methods
and conventions listed in IRS Publication 534.
- Reviews annual asset purchases and automatically
selects the correct tax depreciation convention.
- Create multiple reserve and economic cases.
- Calculate depreciation, depletion and amortization
for Book, Federal, AMT, ACE and E&P.
- Equivalent unit control for gas/oil.
- Tracks excess depletion.
- Depletion can be calculated at the state level.
- Assets records for all types assets can be created
manually or automatically through Accounts Payable invoice entry.
- Forecast economics for lease/wells.
©2003 Avatar Systems, Inc.
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