What DEPLETION means: The process by which the cost or other basis of a natural resource (for example, an oil and gas interest) is recovered upon extraction and sale of the resource. The two ways to determine the depletion allowance are the cost and percentage methods, both of which are defined elsewhere in this glossary.
- Definition Dependent Exemption:
- Dictionary An exemption for an individual who qualifies as the taxpayer's dependent. See our Exemption Allowance rate table for the current amount depletion definition.
- Definition Depreciation:
- Dictionary deduction for the reasonable allowance for the wear and tear of assets with a life of more than one year, including real estate but not inventory, used in a trade or business or held for the depletion explain.
- Definition Defined Benefit Plan:
- Dictionary A defined benefit plan is any employer-provided retirement plan that is not a defined contribution plan (defined elsewhere). The most common type of defined benefit plan is a pension plan depletion what is.
- Definition Deferred Gain:
- Dictionary The part of realized gain on an exchange of property that is not currently taxed. The gain generally is taxed at the time the property acquired in the exchqnge is sold depletion meaning.
How works Depletion meaning in Tax definitions D .
