Cost Depletion Law and Legal Definition
Cost Depletion is one of the two calculation methodologies allowed by the IRS for calculating the depletion allowance on oil and gas royalty revenue. The other methodology is called percentage depletion.
Legal Definition list
Related Legal Terms
- Above the Line Costs (Entertainment Law)
- Absorption Costing
- Accelerated Cost Recovery System
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Activity-Based Costing
- Actuarial Cost Assumptions
- Actuarial Cost Method
- Administrative Cost of Issuing a Loan Guarantee
- Administrative Settlement Costs
