Depletion Allowance

C2 16+

Collocations of depletion allowance

oil industry
Frequency: 70 %

The depletion allowance is a benefit for the oil industry.

natural resources
Frequency: 60 %

The depletion allowance is related to the depletion of natural resources.

energy production
Frequency: 50 %

The depletion allowance incentivizes energy production.

tax code
Frequency: 45 %

The depletion allowance is a provision in the tax code.

Idiomatic Expressions for depletion allowance

  • Phrase: depletion allowance for mining
    Meaning: a tax deduction allowed for companies engaged in mining activities to account for the depletion of mineral reserves
    Usage: The government offers a depletion allowance for mining companies to encourage domestic mineral production.