Depletion allowance - The Forestry Forum Woodopedia

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Depletion allowance		Deduction from taxable income derived from ? wasting asset. The Internal Revenue Code of the United States permits the calculation of depletion allowances either on the basis of a percentage of the gross income from the property in question or on a per-unit-of-product basis. Depletion differs from depreciation in that the asset subject to depletion cannot be replaced; a mine or an oil field cannot be replaced in the same manner that a factory or machine can be replaced.
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