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Oil Depletion Allowance
The oil depletion allowance in American (US) tax law is an allowance claimable by anyone with an economic interest in a mineral deposit or standing timber. Chapter 9 The principle is that the asset is a capital investment that is a Asset#Wasting asset, wasting asset, and therefore depreciation can reasonably be offset (effectively as a capital loss) against income. The oil depletion allowance has been subject of interest, because of the relationship of big oil with the US government, and because one method (percentage depletion) of claiming the allowance makes it possible to write off more than the whole capital cost of the asset. Depletion calculation Two methods of depletion (accounting), depletion calculations are available, detailed regulations determine which can be used, but in some circumstances the ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset
In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Assets can be grouped into two major classes: Tangible property, tangible assets and intangible assets. Tangible ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ilmenite
Ilmenite is a titanium-iron oxide mineral with the idealized formula . It is a weakly magnetic black or steel-gray solid. Ilmenite is the most important ore of titanium and the main source of titanium dioxide, which is used in paints, printing inks, fabrics, plastics, paper, sunscreen, food and cosmetics. Structure and properties Ilmenite is a heavy (specific gravity 4.7), moderately hard (Mohs hardness 5.6 to 6), opaque black mineral with a submetallic luster. It is almost always massive, with thick tabular crystals being quite rare. It shows no discernible cleavage, breaking instead with a conchoidal to uneven fracture. Ilmenite crystallizes in the trigonal system with space group ''R''. The ilmenite crystal structure consists of an ordered derivative of the corundum structure; in corundum all cations are identical but in ilmenite Fe2+ and Ti4+ ions occupy alternating layers perpendicular to the trigonal c axis. Pure ilmenite is paramagnetic (showing only very weak attrac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbium
Niobium is a chemical element with chemical symbol Nb (formerly columbium, Cb) and atomic number 41. It is a light grey, crystalline, and ductile transition metal. Pure niobium has a Mohs hardness rating similar to pure titanium, and it has similar ductility to iron. Niobium oxidizes in Earth's atmosphere very slowly, hence its application in jewelry as a hypoallergenic alternative to nickel. Niobium is often found in the minerals pyrochlore and columbite, hence the former name "columbium". Its name comes from Greek mythology: Niobe, daughter of Tantalus, the namesake of tantalum. The name reflects the great similarity between the two elements in their physical and chemical properties, which makes them difficult to distinguish. English chemist Charles Hatchett reported a new element similar to tantalum in 1801 and named it columbium. In 1809, English chemist William Hyde Wollaston wrongly concluded that tantalum and columbium were identical. German chemist Heinrich Rose determin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cobalt
Cobalt is a chemical element with the symbol Co and atomic number 27. As with nickel, cobalt is found in the Earth's crust only in a chemically combined form, save for small deposits found in alloys of natural meteoric iron. The free element, produced by reductive smelting, is a hard, lustrous, silver-gray metal. Cobalt-based blue pigments ( cobalt blue) have been used since ancient times for jewelry and paints, and to impart a distinctive blue tint to glass, but the color was for a long time thought to be due to the known metal bismuth. Miners had long used the name ''kobold ore'' (German for ''goblin ore'') for some of the blue-pigment-producing minerals; they were so named because they were poor in known metals, and gave poisonous arsenic-containing fumes when smelted. In 1735, such ores were found to be reducible to a new metal (the first discovered since ancient times), and this was ultimately named for the ''kobold''. Today, some cobalt is produced specifically from one of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cadmium
Cadmium is a chemical element with the symbol Cd and atomic number 48. This soft, silvery-white metal is chemically similar to the two other stable metals in group 12, zinc and mercury. Like zinc, it demonstrates oxidation state +2 in most of its compounds, and like mercury, it has a lower melting point than the transition metals in groups 3 through 11. Cadmium and its congeners in group 12 are often not considered transition metals, in that they do not have partly filled ''d'' or ''f'' electron shells in the elemental or common oxidation states. The average concentration of cadmium in Earth's crust is between 0.1 and 0.5 parts per million (ppm). It was discovered in 1817 simultaneously by Stromeyer and Hermann, both in Germany, as an impurity in zinc carbonate. Cadmium occurs as a minor component in most zinc ores and is a byproduct of zinc production. Cadmium was used for a long time as a corrosion-resistant plating on steel, and cadmium compounds are used as red, orang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bismuth
Bismuth is a chemical element with the Symbol (chemistry), symbol Bi and atomic number 83. It is a post-transition metal and one of the pnictogens, with chemical properties resembling its lighter group 15 siblings arsenic and antimony. Elemental bismuth occurs naturally, and its sulfide and oxide forms are important commercial ores. The free element is 86% as dense as lead. It is a brittle metal with a silvery-white color when freshly produced. Passivation (chemistry), Surface oxidation generally gives samples of the metal a somewhat rosy cast. Further oxidation under heat can give bismuth a vividly Iridescence, iridescent appearance due to thin-film interference. Bismuth is both the most Diamagnetism, diamagnetic element and one of the least Thermal conductivity, thermally conductive metals known. Bismuth was long considered the element with the highest atomic mass whose nuclei do not spontaneously decay. However, in 2003 it was discovered to be extremely weakly radioactive. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beryllium
Beryllium is a chemical element with the symbol Be and atomic number 4. It is a steel-gray, strong, lightweight and brittle alkaline earth metal. It is a divalent element that occurs naturally only in combination with other elements to form minerals. Notable gemstones high in beryllium include beryl ( aquamarine, emerald) and chrysoberyl. It is a relatively rare element in the universe, usually occurring as a product of the spallation of larger atomic nuclei that have collided with cosmic rays. Within the cores of stars, beryllium is depleted as it is fused into heavier elements. Beryllium constitutes about 0.0004 percent by mass of Earth's crust. The world's annual beryllium production of 220 tons is usually manufactured by extraction from the mineral beryl, a difficult process because beryllium bonds strongly to oxygen. In structural applications, the combination of high flexural rigidity, thermal stability, thermal conductivity and low density (1.85 times that of water) ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Antimony
Antimony is a chemical element with the symbol Sb (from la, stibium) and atomic number 51. A lustrous gray metalloid, it is found in nature mainly as the sulfide mineral stibnite (Sb2S3). Antimony compounds have been known since ancient times and were powdered for use as medicine and cosmetics, often known by the Arabic name kohl. The earliest known description of the metal in the West was written in 1540 by Vannoccio Biringuccio. China is the largest producer of antimony and its compounds, with most production coming from the Xikuangshan Mine in Hunan. The industrial methods for refining antimony from stibnite are roasting followed by reduction with carbon, or direct reduction of stibnite with iron. The largest applications for metallic antimony are in alloys with lead and tin, which have improved properties for solders, bullets, and plain bearings. It improves the rigidity of lead-alloy plates in lead–acid batteries. Antimony trioxide is a prominent additive for halo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zircon
Zircon () is a mineral belonging to the group of nesosilicates and is a source of the metal zirconium. Its chemical name is zirconium(IV) silicate, and its corresponding chemical formula is Zr SiO4. An empirical formula showing some of the range of substitution in zircon is (Zr1–y, REEy)(SiO4)1–x(OH)4x–y. Zircon precipitates from silicate melts and has relatively high concentrations of high field strength incompatible elements. For example, hafnium is almost always present in quantities ranging from 1 to 4%. The crystal structure of zircon is tetragonal crystal system. The natural color of zircon varies between colorless, yellow-golden, red, brown, blue, and green. The name derives from the Persian ''zargun'', meaning "gold-hued". This word is corrupted into "jargoon", a term applied to light-colored zircons. The English word "zircon" is derived from ''Zirkon'', which is the German adaptation of this word. Yellow, orange, and red zircon is also known as "hyacinth", ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steatite Talc
Soapstone (also known as steatite or soaprock) is a talc- schist, which is a type of metamorphic rock. It is composed largely of the magnesium rich mineral talc. It is produced by dynamothermal metamorphism and metasomatism, which occur in the zones where tectonic plates are subducted, changing rocks by heat and pressure, with influx of fluids, but without melting. It has been a medium for carving for thousands of years. Terminology The definitions of the terms "steatite" and "soapstone" vary with the field of study. In geology, steatite is a rock that is to a very large extent composed of talc. The mining industry will define steatite as a high-purity talc rock that is suitable for manufacturing of, for example, insulators, the lesser grades of the mineral can be called simply "talc rock". Steatite can be used both in lumps ("block steatite", "lava steatite", "lava grade talc"), and in the ground form. While the geologists logically will use "steatite" to designate bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rutile
Rutile is an oxide mineral composed of titanium dioxide (TiO2), the most common natural form of TiO2. Rarer Polymorphism (materials science), polymorphs of TiO2 are known, including anatase, akaogiite, and brookite. Rutile has one of the highest refractive index, refractive indices at visible wavelengths of any known crystal and also exhibits a particularly large birefringence and high dispersion (optics), dispersion. Owing to these properties, it is useful for the manufacture of certain optical elements, especially Polarization (waves), polarization optics, for longer light, visible and infrared, infrared wavelengths up to about 4.5 micrometres. Natural rutile may contain up to 10% iron and significant amounts of niobium and tantalum. Rutile derives its name from the Latin ('red'), in reference to the deep red color observed in some specimens when viewed by transmitted light. Rutile was first described in 1803 by Abraham Gottlob Werner. Occurrence Rutile is a common accessory ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quartz Crystal
Quartz is a hard, crystalline mineral composed of silica (silicon dioxide). The atoms are linked in a continuous framework of SiO4 silicon-oxygen tetrahedra, with each oxygen being shared between two tetrahedra, giving an overall chemical formula of SiO2. Quartz is the second most abundant mineral in Earth's continental crust, behind feldspar. Quartz exists in two forms, the normal α-quartz and the high-temperature β-quartz, both of which are chiral. The transformation from α-quartz to β-quartz takes place abruptly at . Since the transformation is accompanied by a significant change in volume, it can easily induce microfracturing of ceramics or rocks passing through this temperature threshold. There are many different varieties of quartz, several of which are classified as gemstones. Since antiquity, varieties of quartz have been the most commonly used minerals in the making of jewelry and hardstone carvings, especially in Eurasia. Quartz is the mineral defining the valu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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