Depletion: Difference between revisions
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imported>Doug Williamson (Expand second definition.) |
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2. | 2. ''Accounting''. | ||
''Accounting''. | |||
Depletion also refers to the accounting recognition of the reduction in value of physical reserves (for example, oil or gas). | Depletion also refers to the accounting recognition of the reduction in value of physical reserves (for example, oil or gas). | ||
Latest revision as of 10:29, 4 August 2024
1.
Depletion is a reduction in the amount of an asset, often the quantity of a finite physical asset such as oil and gas reserves.
2. Accounting.
Depletion also refers to the accounting recognition of the reduction in value of physical reserves (for example, oil or gas).
Accounting depletion is similar to accounting depreciation and amortisation.
