1.) Cost Depletion or Percentage Depletion

2.) Cost Depletion or Percentage Depletion

3.) ADS or MACRS

4.) Currently expensed or Amortized over 60 months

Tax Drill - Accounting Method Adjustments Indicate which of the following accounting methods are allowed for the computation of earnings and profits. a. For depletion, E & P requires which method? b. When accounting for long-term contracts, E & P rules specify which method? c. For depreciation, E & P requires which method? d. For Intangible drilling costs, E & P rules specify which treatment