Homework: Chapter 1:10 Homework Score: 0 of 1 pt 5 of 5 (2 complete) Pl:10-46 (similar to) Troy has owned an of and gas property for a number of years. The following information is provided about the property's operations in the current year (Click the icon to view the information) (Click the icon to view the depletion rates.) Read the requirements Requirement a. What is the percentage depletion amount if the 1Ds are expensed? at the ICs are expensed the percentage depletion amounts Reference Info Mineral Depletion Rate 5 Gross income Minus: Expenses including IDCs of 570,000) Taxable income before depletion) Cost depletion of IDCs are expensed) Cost depletion of IDCs are capitalized) $ 850,000 (200,000) 650.000 25,000 21.000 Oil and gas Coal, asbestos Gold, silver, copper, iron ore Sulphur and uranium Gravel, stone All other minerals 15% 10% 151 5 5% 149 Print Done Print Done Enter any number in the edit felds and then dick Check Answer 3 pati Homework: Chapter 1:10 Homework Score: 0 of 1 pt 5 of 5 (2 complete) Pl:10-46 (similar to) Troy has owned an of and gas property for a number of years. The following information is provided about the property's operations in the current year (Click the icon to view the information) (Click the icon to view the depletion rates.) Read the requirements Requirement a. What is the percentage depletion amount if the 1Ds are expensed? at the ICs are expensed the percentage depletion amounts Reference Info Mineral Depletion Rate 5 Gross income Minus: Expenses including IDCs of 570,000) Taxable income before depletion) Cost depletion of IDCs are expensed) Cost depletion of IDCs are capitalized) $ 850,000 (200,000) 650.000 25,000 21.000 Oil and gas Coal, asbestos Gold, silver, copper, iron ore Sulphur and uranium Gravel, stone All other minerals 15% 10% 151 5 5% 149 Print Done Print Done Enter any number in the edit felds and then dick Check Answer 3 pati