Download the app
educalingo
Search

Meaning of "depletion allowance" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF DEPLETION ALLOWANCE

depletion allowance  [dɪˈpliːʃ ən əˈlaʊəns] play
facebooktwitterpinterestwhatsapp

GRAMMATICAL CATEGORY OF DEPLETION ALLOWANCE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Depletion allowance is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES DEPLETION ALLOWANCE MEAN IN ENGLISH?

Depletion (accounting)

Depletion is an accounting concept used most often in mining, timber, petroleum, or other similar industries. The depletion deduction allows an owner or operator to account for the reduction of a product's reserves. Depletion is similar to depreciation in that, it is a cost recovery system for accounting and tax reporting. For tax purposes, there are two types of depletion; cost depletion and percentage depletion. For mineral property, you generally must use the method that gives you the larger deduction. For standing timber, you must use cost depletion. According to the IRS Newswire, over 50 percent of oil and gas extraction businesses use cost depletion to figure their depletion deduction. Mineral property includes oil and gas wells, mines, and other natural deposits. For this purpose, the term “property” means each separate interest businesses own in each mineral deposit in each separate tract or parcel of land. Businesses can treat two or more separate interests as one property or as separate properties.

Definition of depletion allowance in the English dictionary

The definition of depletion allowance in the dictionary is a tax allowance granted in certain industries, such as the oil and gas industries, to compensate for the depletion of the oil, gas, etc owned by the company.

WORDS THAT RHYME WITH DEPLETION ALLOWANCE


affluence
ˈæflʊəns
allowance
əˈlaʊəns
confluence
ˈkɒnflʊəns
congruence
ˈkɒŋɡrʊəns
continuance
kənˈtɪnjʊəns
disallowance
ˌdɪsəˈlaʊəns
discontinuance
ˌdɪskənˈtɪnjʊəns
effluence
ˈɛflʊəns
incongruence
ɪnˈkɒŋɡrʊəns
influence
ˈɪnflʊəns
issuance
ˈɪʃjʊəns

WORDS THAT BEGIN LIKE DEPLETION ALLOWANCE

deplane
deplenish
depletable
deplete
depleted
depleted uranium
depleter
depletion
depletion layer
depletive
depletory
deplorability
deplorable
deplorableness
deplorably
deploration
deplore
deplorer
deploringly
deploy

WORDS THAT END LIKE DEPLETION ALLOWANCE

advance
age allowance
attendance allowance
capital allowance
car allowance
clothing allowance
cost-of-living allowance
disability allowance
disability living allowance
family allowance
jobseeker´s allowance
maintenance allowance
maternity allowance
mileage allowance
personal allowance
recommended daily allowance
relocation allowance
rent allowance
road allowance
subsistence allowance
tax allowance

Synonyms and antonyms of depletion allowance in the English dictionary of synonyms

SYNONYMS

Translation of «depletion allowance» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF DEPLETION ALLOWANCE

Find out the translation of depletion allowance to 25 languages with our English multilingual translator.
The translations of depletion allowance from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «depletion allowance» in English.

Translator English - Chinese

耗竭补贴
1,325 millions of speakers

Translator English - Spanish

deducción por agotamiento
570 millions of speakers

English

depletion allowance
510 millions of speakers

Translator English - Hindi

रिक्तीकरण भत्ता
380 millions of speakers
ar

Translator English - Arabic

بدل نضوب
280 millions of speakers

Translator English - Russian

истощение резервов
278 millions of speakers

Translator English - Portuguese

subsídio de esgotamento
270 millions of speakers

Translator English - Bengali

হ্রাস ভাতা
260 millions of speakers

Translator English - French

déduction pour épuisement
220 millions of speakers

Translator English - Malay

Elaun kekurangan
190 millions of speakers

Translator English - German

Erschöpfung Geld
180 millions of speakers

Translator English - Japanese

枯渇手当
130 millions of speakers

Translator English - Korean

고갈 수당
85 millions of speakers

Translator English - Javanese

Tunjangan penipisan
85 millions of speakers
vi

Translator English - Vietnamese

trợ cấp cạn kiệt
80 millions of speakers

Translator English - Tamil

சிதைவு கொடுப்பனவு
75 millions of speakers

Translator English - Marathi

कमी करणे भत्ता
75 millions of speakers

Translator English - Turkish

Tükenme yardımı
70 millions of speakers

Translator English - Italian

indennità di esaurimento
65 millions of speakers

Translator English - Polish

zasiłek wyczerpywanie
50 millions of speakers

Translator English - Ukrainian

виснаження резервів
40 millions of speakers

Translator English - Romanian

alocație epuizare
30 millions of speakers
el

Translator English - Greek

επίδομα εξάντληση
15 millions of speakers
af

Translator English - Afrikaans

uitputting toelae
14 millions of speakers
sv

Translator English - Swedish

utarmning tillägg
10 millions of speakers
no

Translator English - Norwegian

uttømming kvote
5 millions of speakers

Trends of use of depletion allowance

TRENDS

TENDENCIES OF USE OF THE TERM «DEPLETION ALLOWANCE»

The term «depletion allowance» is normally little used and occupies the 142.598 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
33
/100
The map shown above gives the frequency of use of the term «depletion allowance» in the different countries.
Principal search tendencies and common uses of depletion allowance
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «depletion allowance».

FREQUENCY OF USE OF THE TERM «DEPLETION ALLOWANCE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «depletion allowance» during the past 500 years. Its implementation is based on analysing how often the term «depletion allowance» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about depletion allowance

EXAMPLES

10 ENGLISH BOOKS RELATING TO «DEPLETION ALLOWANCE»

Discover the use of depletion allowance in the following bibliographical selection. Books relating to depletion allowance and brief extracts from same to provide context of its use in English literature.
1
Congressional Record, V. 149, PT. 1, January 7, 2003 to ...
A bill to amend the Internal Revenue Code of 1986 to repeal the percentage depletion allowance for certain hardrock mines, and for other purposes; to the Committee on Finance. Mr. FEINGOLD. Mr. President, today I am reintroducing ...
U S Congress, 2006
2
Texas Monthly
Objectively speaking, the oil depletion allowance is just a tax break. But for more than fifty years no one has been able to be objective about it. To Tex- ans, the depletion allowance is as much a part of the state's heritage as the horse and the  ...
3
Code of Federal Regulations, Title 26, Internal Revenue, PT. ...
may be made by the taxpayer irrespective of whether his depletion allowance with respect to the property for the taxable year was computed upon the basis of cost, discovery value, or upon a percentage of gross income from the property.
Office of the Federal Register (U S ), 2009
4
Seidman's Legislative History of Federal Income Tax Laws, ...
of the transferor, donor, or grantor, then the depletion allowance in respect of the property shall be computed with or without reference to percentage depletion, according to the method of computation which would have been applicable if the  ...
‎2003
5
Seidman's Legislative History of Federal Income and Excess ...
In 1926, after a thorough investigation, Congress allowed a percentage-depletion allowance on certain minerals which had already had a discovery allowance, which had been enjoyed by producers of those minerals, such as oil, for a number ...
Jacob Stewart Seidman, 2003
6
A Taxonomy of Energy Taxes
The Depletion Allowance An important tax feature for the energy industries is the depletion allowance, which includes percentage depletion and cost depletion. The oil and gas industry is limited in most instances to the use of cost depletion, ...
‎1979
7
An Assessment of oil shale technologies.
However, the percentage depletion allowance has the reverse effect. As the product price increases, the value of the price subsidy also increases. Conversely, as the product price decreases and the need for the subsidy increases, the value of ...
Estados Unidos Congress Office of Technology Assessment
8
12 CFR Banks and Banking: CFR Parts 500-599
may be made by the taxpayer irrespective of whether his depletion allowance with respect to the property for the taxable year was computed upon the basis of cost, discovery value, or upon a percentage of gross income from the property.
Office of The Federal Register, 2013
9
The Code of Federal Regulations of the United States of America
In the case of mines, wells, or other natural deposits listed in section 613(b) , the election may be made by the taxpayer irrespective of whether his depletion allowance with respect to the property for the taxable year was computed upon the ...
10
Scarcity and Growth Reconsidered
The impact of a depletion allowance at a constant rate may be less than is generally thought; if extraction costs were zero and the sector were competitive, it would have no effect. The reason for this is simple: the depletion allowance only  ...
V. Kerry Smith, 2013

10 NEWS ITEMS WHICH INCLUDE THE TERM «DEPLETION ALLOWANCE»

Find out what the national and international press are talking about and how the term depletion allowance is used in the context of the following news items.
1
Value of solar tax credit might be known only when gone
Fossil-fuel industry exemptions, such as the oil-field depletion allowance, are included in the U.S. tax code, said Szoka, a retired Army ... «Asheville Citizen-Times, Jul 15»
2
The US Health Care System: Really the Best?
After all, America gave the world Elvis Presley, footprints on the moon and the oil depletion allowance. With such achievements, why shouldn't ... «Anesthesiology News, Jun 15»
3
Hidden Costs From Our Dependence on Fossil Fuels
In addition to the above costs, each and every U.S. taxpayer has been subsidizing the oil industry since 1916, when the oil depletion allowance ... «Huffington Post, May 15»
4
AWEA WINDPOWER 2015 Day 3 in review
Garland proposed a 5-year extension to the PTC because there are other subsidies for fossil fuels such as the oil depletion allowance still in ... «Windpower Engineering, May 15»
5
Ex-Speaker Jim Wright Rose to House Leadership by One Vote
A supporter of the Vietnam War and the oil depletion allowance, Wright had voted against the Civil Rights Act of 1964. He was rated only 30 ... «Newsmax, May 15»
6
Dear Ben Carson: Call Me Maybe
Oil depletion allowance: Applied to small, independent producers (large integrated corporations haven't been eligible for this since the ... «Breitbart News, May 15»
7
Tulsa World Editorial: Tax commission quiety resolves CDR case …
... Corporate move to Houston, Texas? Are we giving them a depletion allowance, and losing tax dollars from Corporate tax revenues? HMMM! «Tulsa World, Apr 15»
8
Ted Cruz and the New Politics of Texas
The oil depletion allowance? Military bases? Remembering who sent them to Washington kept senators like Lloyd Bentsen, Phil Gramm and ... «New York Times, Mar 15»
9
Chatting With Mike Cantrell
Through several organizations, Cantrell has promoted crude oil exports, oil import tariffs and preserving the percentage depletion allowance, ... «Oil and Gas Investor, Mar 15»
10
Weinstein: U.S. energy abundance achieved despite feds
In particular, the president wants to disallow the expensing of intangible drilling costs, repeal the percentage depletion allowance and prohibit ... «Chron.com, Feb 15»

REFERENCE
« EDUCALINGO. Depletion allowance [online]. Available <https://educalingo.com/en/dic-en/depletion-allowance>. Apr 2024 ».
Download the educalingo app
en
English dictionary
Discover all that is hidden in the words on
index
a b c d e f g h i j k l m n o p q r s t u v w x y z