lebali Company reports gross income of $370,200 and other property-related expenses of $240,630 and uses a depletion rate of 22% Calculate Jebali's depletion allowance for the current year. X. Feedback Vheck 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 to natural resources. Percentage depletion (also referred to as statutory depletion) uses a specified percentage provided by the