Examples of Oil and Gas Assets in a sentence
Property plant and equipment (other than Oil and Gas Assets) Land and buildings held for use in the production and supply of goods or services, or for administrative purposes are stated in the balance sheet at cost less accumulated depreciation and the accumulated impairment losses.
Capitalisation is made within Rights of Use of Oil and Gas Assets according to the nature of the expenditure.
Intangible Assets other than Oil and Gas Assets Intangible assets other than oil and gas assets are stated at cost less accumulated amortisation and any provision for impairment.
This is subsequently amortised as part of the costs of the Rights of Use of Oil and Gas Assets.
The PMO will have a dedicated accountant and two accounts officers and each PIU will have a dedicated accounts officer.