depletion allowance

noun
a tax reduction allowed on income from exhaustible resources, as oil or timber.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To depletion allowance
Dictionary.com's 21st Century Lexicon
Main Entry:  depletion allowance
Part of Speech:  n
Definition:  a tax break given to a corporation when its normal business activities reduce the value of its assets
Dictionary.com's 21st Century Lexicon
Copyright © 2003-2014 Dictionary.com, LLC
Cite This Source
American Heritage
Cultural Dictionary

depletion allowance definition


A deduction from taxable income based on the eventual exhaustion or waste of a natural asset, such as an oil field.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT

;