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    Taxation of Individuals
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    Exam 10: Property Acquisition and Cost Recovery
  5. Question
    Businesses Deduct Percentage Depletion When They Sell the Natural Resource
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Businesses Deduct Percentage Depletion When They Sell the Natural Resource

Question 82

Question 82

True/False

Businesses deduct percentage depletion when they sell the natural resource and they deduct cost depletion in the year they produce or extract the natural resource.

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