Discussion :: 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 |
Whatsapp
Facebook
Answer : Option B
Explanation :
Explanation Not Provided
Be The First To Comment