Describe cost depletion and percentage depletion. Whyis the percentage depletion method permitted?

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
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Describe cost depletion and percentage depletion. Why
is the percentage depletion method permitted?

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