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EnduringResources475 17\” Street Suite 1500 Denver Colorado 80202 Telephone 303 5731222 Fax 303 573 0461December 19, 2005Utah Division of Oil, Gas and Mining 1594 West North Temple, Suite 1210 P.
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Enduring resources are long-lasting assets or resources that provide value over time and are not expected to be consumed within a single accounting period.
Entities that possess enduring resources, including businesses and organizations, typically need to file reports detailing their enduring resources for compliance and accounting purposes.
To fill out enduring resources, one must provide detailed information about each resource, including its type, value, acquisition date, and any relevant documentation supporting its valuation.
The purpose of enduring resources is to provide a clear picture of an entity's long-term assets, facilitating better financial planning, decision-making, and compliance with regulatory requirements.
Information that must be reported includes the description of each resource, its value, the method of valuation, acquisition date, and any depreciation or amortization details.
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