Definition of depletion allowance in English:

depletion allowance

noun

North American

A tax concession allowable to a company whose normal business activities (in particular oil extraction) reduce the value of its own assets.
Example sentencesExamples
- The association suggested an amendment to the Income Tax Act (in aid of industry) to enable people engaged in quarrying to qualify for the initial allowances and the depletion allowance.
- Why did the depletion allowance survive for so long in a system of representative government?
- This is especially true of the U.S. fossil-fuel industry, which includes a depletion allowance - a tax break based on the eventual exhaustion of an oil field - for oil producers.
- The oil industry has enjoyed billions in breaks in the form of depletion allowances.
Synonyms
reduction, cut, discount, deduction, decrease

Definition of depletion allowance in US English:

depletion allowance

noundəˈplēSH(ə)n əˌlouəns

North American

A tax concession allowable to a company whose normal business activities (in particular oil extraction) reduce the value of its own assets.
Example sentencesExamples
- Why did the depletion allowance survive for so long in a system of representative government?
- The association suggested an amendment to the Income Tax Act (in aid of industry) to enable people engaged in quarrying to qualify for the initial allowances and the depletion allowance.
- This is especially true of the U.S. fossil-fuel industry, which includes a depletion allowance - a tax break based on the eventual exhaustion of an oil field - for oil producers.
- The oil industry has enjoyed billions in breaks in the form of depletion allowances.
Synonyms
reduction, cut, discount, deduction, decrease

单词	depletion allowance
释义	Definition of depletion allowance in English: depletion allowance noun North American A tax concession allowable to a company whose normal business activities (in particular oil extraction) reduce the value of its own assets. Example sentencesExamples The association suggested an amendment to the Income Tax Act (in aid of industry) to enable people engaged in quarrying to qualify for the initial allowances and the depletion allowance. Why did the depletion allowance survive for so long in a system of representative government? This is especially true of the U.S. fossil-fuel industry, which includes a depletion allowance - a tax break based on the eventual exhaustion of an oil field - for oil producers. The oil industry has enjoyed billions in breaks in the form of depletion allowances. Synonyms reduction, cut, discount, deduction, decrease Definition of depletion allowance in US English: depletion allowance noundəˈplēSH(ə)n əˌlouəns North American A tax concession allowable to a company whose normal business activities (in particular oil extraction) reduce the value of its own assets. Example sentencesExamples Why did the depletion allowance survive for so long in a system of representative government? The association suggested an amendment to the Income Tax Act (in aid of industry) to enable people engaged in quarrying to qualify for the initial allowances and the depletion allowance. This is especially true of the U.S. fossil-fuel industry, which includes a depletion allowance - a tax break based on the eventual exhaustion of an oil field - for oil producers. The oil industry has enjoyed billions in breaks in the form of depletion allowances. Synonyms reduction, cut, discount, deduction, decrease
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