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Business, 12.12.2019 21:31 thedaisylopez3628

Which statement is true regarding oil drilling programs? a. these programs incur intangible drilling costs which are 100% deductible in the year the drilling takes place. b. these programs incur intangible drilling costs which are deductible over a 27 1/2 year period. c. these programs give an immediate deduction for intangible drilling costs. d. these programs provide an intangible drilling costs deduction over the expected life of the well.

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