Screen PAI - Pennsylvania Amortization of Intangible Drilling Costs (1120)

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General Information

Geophysical survey completed for wells created
Enter a code or select from the list to answer Part A, line 1.
Elect to expense all intangible drilling and development costs
Enter a code or select from the list to answer Part A, line 2.

Amortization of Intangible Drilling Costs

Intangible development costs expensed
The application calculates the amount of intangible drilling costs based on data entered in the asset module. Enter information in this statement if you're not using the asset module.
note
Well address isn't available from the asset module. Enter the well address directly in this statement. When not using the asset module, columns IDC Code 263 or IDC Code 59e must be marked to indicate the amortization is eligible for the direct expensing of up to 1/3 the cost.

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