The taxpayer shall maintain the records necessary to verify the accuracy of computations under AS 43.20, including but not limited to: depreciable basis, depreciation expense, cumulative intangible drilling and development costs, petroleum business income, other business income, and conversion of financial statement income to taxable income. These records are subject to review by the department.

(Eff. 4/14/82, Register 82)

Authority: AS 43.05.080, AS 43.80.010