MCP For Claude Marketplace
Depletion Allowance Calculator

Depletion Allowance Calculator MCP Connector for Claude

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Calculate tax-deductible depletion allowances for oil and gas properties.

4 tools Official Updated Oct 1, 2026 Official Vinkius Partner
More Details Connect to Claude

This MCP server provides specialized financial tools to calculate depletion allowances for natural resource properties. It allows users to determine tax deductions using both Cost Depletion and Percentage Depletion methods. Use calculate_cost_depletion to find deductions based on property cost and reserves, or calculate_percentage_depletion to calculate deductions based on gross income and statutory rates. You can also use compare_methods to identify the most tax-efficient approach and get_property_summary to track the remaining basis and recovery progress.

taxdepletionoilgasaccountingirs

4 tools expose this connector's capabilities to your AI agent.

calculate_percentage_depletion

Calculate depletion deduction using the Percentage Depletion method

compare_methods

Compare Cost Depletion and Percentage Depletion methods

get_property_summary

Get a summary of the property investment recovery status

calculate_cost_depletion

Calculate depletion deduction using the Cost Depletion method

See how to talk to your AI agent using Depletion Allowance Calculator.

Calculate the cost depletion for a property with an original cost of $500,000, total reserves of 100,000 barrels, and an annual production of 5,000 barrels, with a current basis of $500,000.

The annual depletion deduction is $2,500.00, and the remaining basis is $497,500.00.

What is the percentage depletion for a production with $100,000 gross income, a current basis of $200,000, and a depletion rate of 15%?

The annual depletion deduction is $15,000.00, and the remaining basis is $185,000.00.

Compare cost depletion of $5,000 and percentage depletion of $7,000 with a marginal tax rate of 24%.

The optimal method is Percentage Depletion, providing an annual deduction of $7,000. This results in a tax savings difference of $480.00 compared to Cost Depletion.

Cost Depletion is based on the actual cost of the property relative to its reserves, while Percentage Depletion is a fixed percentage of gross income, limited by the remaining basis.

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