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If you can answear both it'll be great! ngenting Costs CDC) QUESTION 11 Bhas gross income from Ol & Gas of $10,000 Bhas undepleted basis

If you can answear both it'll be great!
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ngenting Costs CDC) QUESTION 11 Bhas gross income from Ol & Gas of $10,000 Bhas undepleted basis in the ol & gas interest of $100 000 and a cost depletion rate of 10% There income for the well before depleto deduction is $500. What is B depletion deduction? $10,000 50 $1,500 300 QUESTION 12 During the year Zinc makes a $100.000 distrution to it's only shareholder A Anas basis in hor shares of $10,000 Zinc, les current E&P of $40.000 and accumulated E&P of $10 000 What amount if any, of dividend income will recognize? $40,000 $50.000 O $100.000 O 510 000

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