August 2004
Intermediate to advanced
656 pages
15h 28m
English
Depletion is similar to depreciation, but it covers intentional piecemeal removal of certain types of natural resource assets, typically the following:
Mines
Quarries
Oilfields
Timberland
. . .
Where depreciation is based on time and wear and tear from use, depletion is based on, for example, how much coal has been removed from a coal mine. Depletion is handled in a similar fashion to units of production depreciation. Depletion doesn't apply to software and won't be addressed any further.
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