cost incurred

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IDEALLY, A REASONABLE and fair joint cost allocation should recognize the cause-and-effect relationship between the cost incurred and where it is allocated.
The average cost incurred by RAM to drill, complete and equip a producing well in its Electra/Burkburnett Area during 2005 was approximately $110,000.
167(n)-5(c)(3), any cost incurred in a year following the year the original basis was recovered is treated as separate property.
The loss adjustment is calculated by comparing the total contract price with the estimated cost at completion (that is, total cost incurred before the termination, plus the estimated costs to complete the contract if the termination had not occurred): The allowable termination settlement cost then is computed by multiplying the loss adjustment factor by the allowable costs incurred by the contractor excluding settlement costs: