Jeball Company reports gross income of $830,400 and other property-related expenses of $539,760 and uses a depletion rate of 21%. Calculate Jebali's depletion allowance for the current year. $ x Feedback F Check My Work Natural resources (e.g., oil, gas, coal, gravel, and timber) are subject to depletion, which can be seen as a form of depreciation applicable natural resources. Percentage depletion (also referred to as statutory depletion) uses a specified percentage provided by the Code