Meaning Of The Word Depletion allowance

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Depletion allowance Meaning

Depletion allowance Definition
Depletion allowance Definition

What's The Definition Of Depletion allowance?

depletion allowance in American English
noun: a tax reduction allowed on income from exhaustible resources, as oil or timber

depletion allowance in British English
noun: a tax allowance granted in certain industries, such as the oil and gas industries, to compensate for the depletion of the oil, gas, etc owned by the company

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