The Soapbox

Moneyshot

Joined: 10/23/2001 Posts: 4891
Likes: 2476


Ever heard of depreciation?


Depletion is nothing more than depreciation for natural resources that "deplete" instead of wear out ...ie the recognition of the capital cost of those resources across the economic life. Oil companies get it, mining companies get it, timber companies get it, aggregates companies get it...really no different than depreciating a piece of capital equipment for a manufacturer.

But if you have a problem with it, Im sure oil companies would love to be able to recognize the acquisition cost of those assets as an expense and thake the full deduction year one...deal?

(In response to this post by WaxHoo)

Posted: 11/16/2016 at 2:59PM



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Current Thread:
 
  
Time to stop spending billions to subsidize Elon musk and co -- TomKazanski 11/16/2016 12:59PM
  Treasury report -- KCHoo 11/16/2016 3:54PM
  There are clearly some special -- Shenhoo 11/16/2016 4:58PM
  How about oil depletion allowances? ** -- WaxHoo 11/16/2016 2:54PM
  Ever heard of depreciation? -- Moneyshot 11/16/2016 2:59PM
  Frankly, my dear ,,, -- WaxHoo 11/16/2016 3:08PM
  Other than that, Mrs. Lincoln...:) ** -- Shenhoo 11/16/2016 2:39PM
  Here's a link I found -- 111Balz 11/16/2016 2:38PM
  Yes, yes and yes ** -- TpkeHoo 11/16/2016 2:29PM
  That will stop now that Trump is elected......Nah!!! ** -- Seattle .Hoo 11/16/2016 2:50PM
  I can't believe I actually read that -- WahooMatt05 11/16/2016 1:07PM

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