Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ________________ which ever is smaller ?

Engineering Economy 06/07/2021

A. Fixed percentage of gross income or the net taxable income
B. Fixed percentage of gross income or 50% of the net taxable income
C. 50% of the fixed percentage of gross income or 50% of the net taxable income
D. 50% of the fixed percentage of gross income or the net taxable income

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