Mineral Deposit

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August 25, 2024 3 min read Definitions
Cost Depletion: Recovery of the Tax Basis in a Mineral Deposit
Taxation Finance Cost Depletion Tax Basis Mineral Deposit Productive Life Percentage Depletion
Cost depletion is a method for recovering the tax basis in a mineral deposit by deducting it proportionately over the productive life of the deposit. This contrasts with the percentage depletion method.
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