All of the Following Are Characteristics of Percentage Depletion Except

question 79

Multiple Choice

All of the following are characteristics of percentage depletion except:

• A)Depletion is determined using a statutory percentage times gross income.
• B)Percentage depletion can exceed the property's cost.
• C)Depletion in excess of cost results in a negative basis for property.
• D)Is an investment incentive provision.

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Definitions:

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Deserving Poor

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