Define depletion briefly.


Define depletion briefly.


This is a term used in accounting that refers to the decrease in an asset or other companies resources over a period of time. The depreciation is calculated systematically

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Depletion is a decline in the value of tangible waste assets such as coal mines, wood, and oil reserves. The natural resource allocation process is...

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Depreciation: Definition, Formula & Examples


Chapter 5 / Lesson 14

Learn about different methods of depreciation and depreciation expense, including: straight-line and declining methods, as well as the difference between physical depreciation and economic depreciation.

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