Entering Units of Production

Access the Production Schedule Revisions form.

To enter units of production:

Units - Original

Specify the original estimate of the total number of units in the reserve base. The system uses this number to calculate the depreciable unit base.

Units - Current Year Revisions

Specify the current year revisions to the estimate of the total number of units in the reserve base (Units-Original). The system uses this number to calculate the depreciable unit base.

Units - Prior Year Revisions

Specify the cumulative prior year revisions to the estimate of total units in the reserve base (Units-Original). The system uses this number to calculate the depreciable unit base.

Prior Years Production

Specify the number of units produced in all prior years. This number determines when an asset is fully depreciated. The system uses this number to calculate the depreciable unit base.

Y-T-D Production (year-to-date production)

Specify the units that were produced year-to-date. The system uses the value in this field to calculate the Current Unit of Production Factor.