of the timber to be harvested each year for 5 years. Determine the depletion allowance for each year. The Piney Copper Company purchased an one-bearing tract of land for $7.500,000, The geologist for Piney estimated the recoverable copper reserve tobe450.000 tons. During the first year. 50,000 tons was mined and 40,000 tons was sold for $4,000.000 Expenses (not including depletion allowances) were $2,500.000. are the percentage depletion and the cost depletion allowances? The Red River oil field will become less productive each year. Rojas Brothers is a small company that owns Red River, which is eligible for