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What is Depletion Methods and Calculations about?

The document discusses two methods for calculating depletion for natural resources: cost depletion and percentage depletion. Cost depletion is based on usage or activity levels, while percentage depletion allows for a constant percentage of gross income to be depleted each year up to 50% of taxable income. Two examples are provided to illustrate how to calculate depletion amounts using both methods.

Author

Mùhammad Tàha

Language

EN