Drilling Costs

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August 31, 2024 4 min read Definitions
Intangible Drilling Costs (IDC): Costs Related to Drilling That Can Be Expensed for Tax Purposes
Finance Taxation Energy Drilling Costs Tax Deductions Energy Sector Investment Accounting
Intangible Drilling Costs (IDC) are expenses related to drilling that can be expensed for tax purposes. These costs are crucial for the energy and oil industry.
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