For tax purposes of a lessor, what total amount would be available for percentage depletion? Delay rental

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For tax purposes of a lessor, what total amount would be available for percentage depletion?

Delay rental - $2,000

Ad valorem taxes paid by lessee - $1,500

Shut in royalties - $5,000

Royalties - $3,000

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Intermediate Accounting

ISBN: 9787300071374

3rd Edition Vol. 1

Authors: Kin Lo, George Fisher

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Posted Date: Apr 27, 2023 12:58 AM

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For tax purposes of a lessor, what total amount would be available for percentage depletion? Delay rental

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Intermediate Accounting

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