Code of Federal Regulations Title 30. Mineral Resources § 30.553.27 When I submit audited annual financial statements to verify my unencumbered assets, what standards must they meet?

(1) The value of the unencumbered assets is reasonable and uses the same valuation method used in your audited annual financial statements;

(2) Any existing encumbrances are noted;

(3) The assets are long-term assets held for use;  and

(4) The valuation method used in the audited annual financial statements is for long-term assets held for use.