MENU
Which of the following is not an intangible drilling cost?
Suggested Answer: B
Get Premium Series-7 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
money spread. Since the strike prices are different, but not the expiration date, this is a money spread (sometimes called a ''price spread'' or a ''vertical spread'').
40 comments · newest first
CH
Chantay
11 months ago
I thought repairs were tangible too, this is confusing!
SH
Sharen
11 months ago
Salaries are usually classified as intangible drilling costs.
SH
Sherron
12 months ago
Wait, are repairs really considered intangible?
RA
Rashad
12 months ago
I agree, machinery and pipe are tangible assets.
TE
Telma
1 year ago
Supplies and fuel are definitely not intangible costs.
AD
Adelaide
1 year ago
I recall that salaries are definitely part of intangible costs, so I guess that rules out A. But I'm still unsure about B and D.
TA
Tawny
1 year ago
I feel like I saw a similar question where repairs were classified differently. I think D might be the right answer, but I’m not completely confident.
AM
Amber
1 year ago
I remember studying that supplies and fuel can sometimes be considered intangible, but I'm not entirely sure. Could it be B?
JA
Jacob
1 year ago
I think intangible drilling costs are mostly related to labor and services, so I'm leaning towards C, machinery and pipe, as that seems like a tangible asset.
GE
Gertude
1 year ago
Ah, I remember learning about this in class. Machinery and pipe are definitely tangible, so that's the answer that's not an intangible drilling cost.
MA
Marge
1 year ago
I'm a bit unsure about this one. I'll have to review my notes on the different types of drilling costs to make sure I get this right.
NO
Noble
1 year ago
I'm confident that machinery and pipe are not considered intangible drilling costs. That's gotta be the answer.
DO
Dorthy
1 year ago
Okay, let me see... intangible drilling costs are things like salaries, supplies, and repairs, right? I'm pretty sure machinery and pipe are tangible.
CH
Chau
1 year ago
Hmm, this seems like a tricky one. I'll need to think through the definition of intangible drilling costs carefully.
CA
Carri
2 years ago
This question is a real head-scratcher. I'm going to have to consult my crystal ball on this one. *rubs hands together* Ah yes, the answer is C!
BE
Belen
1 year ago
User 3: Actually, I consulted my crystal ball and it's C) machinery and pipe.
ST
Stephen
1 year ago
User 2: No, I believe it's D) repairs.
FL
Floyd
1 year ago
User 1: I think the answer is A) salaries.
CA
Cassi
2 years ago
Ooh, tricky one! I'm going to have to think this through carefully. Let me see... Ah, got it! C is the answer.
AN
Annett
1 year ago
That's right, intangible costs are things like salaries and supplies.
JO
Jodi
1 year ago
Yes, machinery and pipe are tangible costs.
JU
Justine
1 year ago
I think C is the answer too.
AM
Amos
1 year ago
D) repairs
OZ
Ozell
1 year ago
C) machinery and pipe
VE
Veronika
1 year ago
B) supplies and fuel
LA
Larae
1 year ago
A) salaries
MA
Marsha
2 years ago
A, B, and D all seem like they could be intangible costs. I'm going to go with C for this one.
FE
Felicia
2 years ago
I agree, machinery and pipe are tangible costs.
MA
Maryln
2 years ago
I think C is the correct answer.
AL
Alpha
2 years ago
But salaries are considered intangible drilling costs because they are not physical items used in drilling.
CH
Chau
2 years ago
Hmm, I'm pretty sure C is the correct answer here. Machinery and pipe are definitely tangible drilling costs.
GI
Gilberto
1 year ago
So the correct answer must be C) machinery and pipe.
YO
Youlanda
1 year ago
Yeah, I agree. It's definitely not an intangible drilling cost.
LI
Ligia
1 year ago
I think you're right, C) machinery and pipe seems like a tangible cost.
YU
Yun
1 year ago
D) repairs
EL
Eliz
1 year ago
C) machinery and pipe
MA
Margart
1 year ago
B) supplies and fuel
SH
Sherell
2 years ago
A) salaries
GU
Gussie
2 years ago
I disagree, I believe the answer is A) salaries.
AL
Alpha
2 years ago
I think the answer is C) machinery and pipe.