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hi i will like to understand how to solve each answer problem and the reason why the answer is none of the above. thank you
hi i will like to understand how to solve each answer problem and the reason why the answer is none of the above. thank you 150, oco Ders the term rent years bilo na ulici sono cosa sono and oil and gas property interest with 135,000 barrels of estimated recoverable oil. During the development costs amount to $108,000 and are expensed in the current year. Other expenses are $81.000. Which of the following statements is true with regard to this information? Cost depletion is $36,000. b. Percentage depletion is $51,000. C. The depletion which must be taken for the year is the lesser of cost or percentage depletion. d. If Jill's basis in the property is zero prior to the current year, only cost depletion can be taken in the current year. e. None of the answers provided is correct. a
hi i will like to understand how to solve each answer problem and the reason why the answer is none of the above. thank you
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