Eula Owns a Mineral Property That Had a Basis of $23,000

Multiple Choice

Eula owns a mineral property that had a basis of $23,000 at the beginning of the year.Cost depletion is $19,000.The property qualifies for a 15% depletion rate.Gross income from the property was $200,000 and net income before the percentage depletion deduction was $50,000.What is Eula's tax preference for excess depletion,if she maximized her regular-tax depletion deduction?

A) $15,000
B) $23,000
C) $25,000
D) $2,000