Jebali Company reports gross income of $651,000 and other property-related expenses of $423,150 and uses a depletion

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Jebali Company reports gross income of $651,000 and other property-related expenses of $423,150 and uses a depletion rate of 18%.
Calculate Jebali's depletion allowance for the current year.
$

Posted Date: Jun 14, 2024 07:09 AM

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