...prescribes rules for treating expenditures paid or incurred during the taxable year by the taxpayer for the development of a mine or other natural deposit (other than an oil or gas weli). Development expenditures under section 616 are those which are made after such time when, in...

..."development expenditure" deductions as those "... paid or incurred during the taxable year for the development of a mine or other natural deposit (other than an oil or gas well) if paid or incurred after the existence of ores or minerals in commercially marketable quantities has...

...nondepreciable property, those costs cannot be recovered until disposition or abandonment of the property. 3 However, expenses of developing new and innovative...oil or gas well) may be deductible under sec. 616. 4 In Rev. Rul. 73-324, 1973-2 CB 72, the Revenue Service held that amounts paid by a natural gas company...

...nondepreciable property, those costs cannot be recovered until disposition or abandonment of the property. 3 However, expenses of developing new and innovative...oil or gas well) may be deductible under sec. 616. 4 In Rev. Rul. 73-324, 1973-2 CB 72, the Revenue Service held that amounts paid by a natural gas company...

...management studies, consumer surveys, advertising, or promotions." Also, the section 174 election 1 Also, the statute excludes expenditures to ascertain...oil or gas well) may be deductible under sec. 616. 3 cannot be applied to costs of acquiring another person's patent, model, production, or process or...

...RULES FOR FOREIGN DEVELOPMENT.—In the case of any expenditures paid or incurred with respect to the development of a mine or other natural deposit (other than an oil, gas, or geothermal well) located outside of the United States— "(1) subsections (a) and (b) shall...

...extracting minerals from the ground may be eligible for sec. 174 elections (Rev. Rul. 74-67, 1974-1 CB 63). Certain expenses for development of a mine or other...oil or gas well) may be deductible under sec. 616. testing or inspection of materials or products for quality control or those for efficiency surveys,...

...extracting minerals from the ground may be eligible for sec. 174 elections (Rev. Rul. 74-67, 1974-1 CB 63). Certain expenses for development of a mine or other natural deposit (other than an oil or gas well) ma;. be deductible under sec. 616. (128) cost of a research building or of equipment used for research...

...extracting minerals from the ground may be eligible for sec. 174 elections (Rev. Rul. 74-67, 1974-1 CB 63). Certain expenses for development of a mine or other...oil or gas well) may be deductible under sec. 616. plant process, a product, a formula, an invention, or similar property," and also the costs of obtaining...

...extracting minerals from the ground may be eligible for sec. l74 elections (Rev. Rul. 74-67, l974-l CB 63). Certain expenses for development of a mine or other...than an oil or gas well) may be deductible under sec. 6l6. (15) 16 plant process, a product, a formula, an invention, or similar property," and also the...