COST DEPLETION
Accounting method used in allocating the cost of extracting natural resources and accounting these expenses for tax deduction. Natural resources include minerals, oil, and timber. It looks at the total amount of the resource to be extracted, number of resource extracted during the tax year, and amount of money spent for extraction. To get the deduction within the tax period, divide the proportion of resources extracted by the total resources.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Industrial Production | Jul | |
| 08:30 | Producer & Import Prices | Aug | |
| 11:01 | New Yuan Loans | Aug | |
| 14:30 | Consumer Price Index | Aug | |
| 14:30 | Consumer Price Index Core | Aug | |
| 14:30 | Common Core CPI | Aug | |
| 14:30 | Trimmed Core CPI | Aug | |
| 14:30 | Median Core CPI | Aug | |
| 14:30 | Manufacturing Shipments | Jul |
