Charles Purchases an Interest in a Uranium Mine for $2,500,000

question 4

Multiple Choice

Charles purchases an interest in a uranium mine for $2,500,000 on June 7,2013.Recoverable tonnage is estimated at 500,000.During 2013,25,000 tons are mined and sold for $800,000.Charles incurs $500,000 of expenses during 2013.The percentage depletion rate for uranium is 22%.What is the depletion deduction for 2013?

• A)$125,000
• B)$150,000
• C)$176,000
• D)$200,000
• E)$250,000

---

Definitions:

Behavior Modification Therapy

A form of psychotherapy that aims to change undesirable behaviors through the use of learning techniques such as reinforcement.

Unconscious Motivating Forces

Internal drives and desires that influence behavior and thought processes without the individual’s conscious awareness.

Successive Approximation

A method of behavioral training that breaks down a desired behavior into smaller, achievable steps, reinforcing closer and closer approximations to the desired behavior.

Shaping (Also Called)

Also known as method of successive approximations, it is a process in behaviorism used to train a new behavior by rewarding actions that are closer to the desired behavior.