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30 August, 02:54

One of your clients is looking into investing in direct participation programs. He is examining several different types of programs. One of the programs that he is evaluating promises a relatively high tax write-off in the immediate future with low costs for land and rights associated with the land and minerals. What BEST describes program with these features?

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  1. 30 August, 06:28
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    Exploratory drilling program

    Explanation:

    To assess the physical properties and limits of a reservoir exploratory drilling is the initial phase of drilling.

    Exploratory drilling projects have significant write-offs offset by low mineral and land-related costs. Mineral and land rights are less expensive because they mine in unproven deposits.
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