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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
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What is enduring resources?
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.
Who is required to file enduring resources?
Entities that possess enduring resources, including businesses and organizations, typically need to file reports detailing their enduring resources for compliance and accounting purposes.
How to fill out enduring resources?
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.
What is the purpose of enduring resources?
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.
What information must be reported on enduring resources?
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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