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Jebali Company reports gross income of $677,000 and other property-related expenses of $440,050 and uses a depletion rate of 20%. Calculate Jebali's depletion allowance for

Jebali Company reports gross income of $677,000 and other property-related expenses of $440,050 and uses a depletion rate of 20%.

Calculate Jebali's depletion allowance for the current year.

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