IDC Code (Depletion only)

Use this field only when the Depreciation and Amortization section is attached to an Depletion section depletion entity and the depletion property number is entered in the "Depletion Number" Use this .

Enter a "C" if the intangible drilling costs are also entered on Depletion section as IDC expense. The entry on Depletion section will be reduced by the cost/other basis entered on

this form.

Enter a "P" if the intangible drilling costs are from a prior year and should not reduce IDC expense entered on Depletion section.

Regardless of the code entered in this field, the amortized IDC will be carried to the depletion net income statement as an expense of the depletion property.