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Owning Natural Resources: Cost & Percentage Depletion Making Both Work For You
Owning Natural Resources Cost Percentage Depletion Making Both Work For You Author:Scala Publishers Owning Natural Resources (T/G 402) covers the tax law peculiarities of land and its mineral deposits, the subdivision, leasing, and mining thereof, the capital basis of "deposits in place," oil and gas drilling, and the special treatment of exploration and development costs. Also covered - depletion allowances: Cost vs. Percentage, improvements ... more »and "receding face" costs, estimating number of "recoverable units", why each mine is separate property, rights of landowner and lessee, and special rule: Capital gain/Ordinary loss.« less