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18. Determine the allowasu percentage deduction using the percentage depletion method for the coal mine which has 10% depletion allowance. Amount sold 2000 tons at

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18. Determine the allowasu percentage deduction using the percentage depletion method for the coal mine which has 10% depletion allowance. Amount sold 2000 tons at the rate of $20 rate of $20 per ton. The operating cost = 120,000 Note: Deduction limitation on taxable income is 501

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