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  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 8: Depreciation, Cost Recovery, Amortization, and Depletion
  5. Question
    Percentage Depletion Enables the Taxpayer to Recover More Than the Cost
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Percentage Depletion Enables the Taxpayer to Recover More Than the Cost

Question 27

Question 27

True/False

Percentage depletion enables the taxpayer to recover more than the cost of an asset in the form of tax deductions.

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