Assertion: accretion | /r/HasProperty | recognized as expense
Facets:
Source sentences:
text: - accretion of discount is recognized as an increase in the carrying value of the liability and as an expense; classified as an operating item in the income statement  changes in the liability related to the passage of time do not affect the carrying value of the asset or the related DD&A Exclusion of costs or reserves  the capitalized costs of all wells and equipment in a cost center are to be amortized over the proved developed reserves recoverable from that cost center  SFAS No. 19 requires a portion of those development costs be excluded in determining the DD&A rate if a portion of the related proved reserves are not yet developed 