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Showing results for depletion allowance. Search instead for trade-in+allowance.
Synonyms

depletion allowance

American  

noun

  1. a tax reduction allowed on income from exhaustible resources, as oil or timber.

depletion allowance Cultural  

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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.