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3 years ago

8

Jebali Company reports gross income of $340,000 and other property-related expenses of $229,000 and uses a depletion rate of 14%

. Calculate Jebali's depletion allowance for the current year. $fill in the blank 1

1 answer:

MatroZZZ [7]3 years ago

6 0

Answer:

15,540

Explanation:

Depletion = depletion rate x (gross income - expenses)

0.14 x ($340,000 - $229,000) = 15,540

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