Copyright

Define depletion briefly.

Question:

Define depletion briefly.

Depreciation:

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

Answer and Explanation: 1

Become a Study.com member to unlock this answer!

View this answer

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...

See full answer below.


Learn more about this topic:

Loading...
Depreciation: Definition, Formula & Examples

from

Chapter 5 / Lesson 14
67K

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.


Related to this Question

Explore our homework questions and answers library