Depletion

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, such as oil and gas.

It is similar to depreciation and amortisation.

See also

• Amortisation
• Depreciation
• Reserves