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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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