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Old 10-14-2008, 10:47 PM
bobbranner bobbranner is offline
Junior Member
 
Join Date: Jan 2008
Posts: 2
Gravel depletion

If you take percentage depletion on gravel mined and paid as royalties, is there a limit on the amount of depletion taken such as no more than basis or is it unlimited? I have been taking 5% per year based on the royalties.
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