Acquisition costs, mineral rights

[Dorothey Allen]

Direct and indirect costs incurred to acquire legal rights to extract natural resources. Direct costs include costs incurred to obtain options to lease or purchase mineral rights and costs incurred for the actual leasing (e.g., lease bonuses) or purchasing of the rights. Indirect costs include such costs as brokers commissions and expenses; abstract and recording fees; filing and patenting fees; and costs for legal examination of title and documents.