Engineering Economics

Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ______ whichever is smaller.

  • A. Fixed percentage of gross income or the net taxable income
  • B. Fixed percentage of gross income or 50% of the net taxable income
  • C. 50% of the fixed percentage of gross income or 50% of the net taxable income
  • D. 50% of the fixed percentage of gross income or the net taxable income
Answer: Option B.
Explanation:

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