- Industri: Energy
- Number of terms: 18450
- Number of blossaries: 0
- Company Profile:
The subtraction of both tonnage produced and the tonnage lost to mining from identified resources to determine the remaining tonnage as of a certain time.
Industry:Energy
A term for either (1) a periodic assignment to expense of recorded amounts or (2) an allowable income tax deduction that is related to the exhaustion of mineral reserves. Depletion is included as one of the elements of amortization. When used in that manner, depletion refers only to book depletion.
Industry:Energy
A process for extracting uranium and plutonium from dissolved spent nuclear fuel and irradiated targets. The fission products that are left behind are high-level waste. Chemical separation is also known as reprocessing.
Industry:Energy
The portion of the carrying value (other than the portion associated with tangible assets) prorated in each accounting period, for financial reporting purposes, to the extracted portion of an economic interest in wasting natural resource.
Industry:Energy
Any of various compounds consisting of carbon, hydrogen, chlorine, and flourine used as refrigerants. CFCs are now thought to be harmful to the earth's atmosphere.
Industry:Energy
The valves and fittings installed at the top of a gas or oil well to control and direct the flow of well fluids.
Industry:Energy
A deduction (allowance) allowed to certain mineral producers under U.S. Federal income taxation calculated on the basis of a specified percentage of gross revenue from the sale of minerals from each mineral property not to exceed the lesser of 50 percent of the taxable income from the property computed without allowance for depletion. (There are also other limits on percentage depletion on oil and gas production.) The taxpayer is entitled to a deduction representing the amount of tax-cost depletion or percentage (statutory) depletion, whichever is higher.
Industry:Energy
CIF refers to cargos for which the seller pays for the transportation and insurance up to the port of destination.
Industry:Energy
The excess of estimated statutory depletion allowable as an income tax deduction over the amount of cost depletion otherwise allowable as a tax deduction, determined on a total enterprise basis.
Industry:Energy
