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Quiz #34

Civil Engineering

Question 1 of 10 0 / 10 answered

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Question 1

Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ________________ which ever is smaller ?

50% of the fixed percentage of gross income or the net taxable income

Fixed percentage of gross income or 50% of the net taxable income

50% of the fixed percentage of gross income or 50% of the net taxable income

Fixed percentage of gross income or the net taxable income

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