Definition of Dry hole charge

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TeachMeFinance.com - explain Dry hole charge



Dry hole charge

The charge-off to expense of a previously capitalized cost upon the conclusion of an unsuccessful drilling effort.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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