Try Our Apps


What does the eggplant emoji really mean?

depletion allowance

a tax reduction allowed on income from exhaustible resources, as oil or timber. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
Cite This Source
Contemporary definitions for depletion allowance

a tax break given to a corporation when its normal business activities reduce the value of its assets's 21st Century Lexicon
Copyright © 2003-2014, LLC
Cite This Source
depletion allowance in Culture

depletion allowance definition

A deduction from taxable income based on the eventual exhaustion or waste of a natural asset, such as an oil field.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source

Word of the Day

Nearby words for depletion allowance

Word Value for depletion

Scrabble Words With Friends