Businesses deduct percentage depletion when they sell the natural resource and they deduct cost depletion in the year they produce or extract the natural resource.
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Q28: Cost depletion is available to all natural
Q29: An office desk is an example of:
A)
Q30: Goodwill and customer lists are examples of
Q31: Which of the following business assets is
Q32: Taxpayers may always expense a portion of
Q34: Business assets that tend to be used
Q35: Significant limits are placed on the depreciation
Q36: Depletion is the method taxpayers use to
Q37: The method for tax amortization is always
Q38: The alternative depreciation system requires both a
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