My company is a oil royalty trader. Since my company only buys and sells leases; would the purchase be considered a leasehold costs? And if so, would the purchase be an intangible asset or fixed asset in the same category as a land purchase? I'm
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My company is a oil royalty trader. Since my company only buys and sells leases; would the purchase be considered a leasehold costs? And if so, would the purchase be an intangible asset or fixed asset in the same category as a land purchase? I'm curious if the purchase can depreciated or amortize over a certain period.
