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Calculate jebali depletion allowance for the current year

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Question - Jebali Company reports gross income of $799,200 and other property-related expenses of $519,480 and uses a depletion rate of 18%. Calculate Jebali's depletion allowance for the current year.

Reference no: EM133143315

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Calculate jebali depletion allowance for the current year : Jebali Company reports gross income of $799,200 and other property-related expenses of $519,480. Calculate Jebali depletion allowance for the current year
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