Oil depletion allowance
id:
oil-depletion-allowance-247-15405665
title:
Oil depletion allowance
text:
The oil depletion allowance in American (US) tax law is an allowance claimable by anyone with an economic interest in a mineral deposit or standing timber. The principle is that the asset is a capital investment that is a wasting asset, and therefore depreciation can reasonably be offset against income. The oil depletion allowance has been subject of interest, because of the relationship of big oil with the US government, and because one method of claiming the allowance makes it possible to writ
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Oil_depletion_allowance
date created:
date modified:
2023-12-30T10:28:52Z
main entity:
{"identifier":"Q18392152","url":"https://www.wikidata.org/entity/Q18392152"}
image:
fields total:
13
integrity:
13