Depletion

Knowledge Center

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Summary

What is Depletion?

Depletion is an accounting treatment to deal with the reduction in the value of natural, non-renewable resources due to gradually "using up" the natural resource. Example of such natural resources include oil, gas, coal, gold, other minerals and timber.

The recording of depletion is a bookkeeping entry similar to depreciation and does not involve the expenditure of cash. As a non-cash expense it is deducted from revenues and thus lowers net income.

Special Interest Group

Depletion Special Interest Group.

Special Interest Group (4 members)

Forum

Forum about Depletion.

Smartphones are a Dangerous Source of Human Ego Depletion
Smartphones have become an important tool that provides people with access to communication networks and online information at any time of the day. The advantages of having a smartphone are clear. At ...

1 comments

Quotes on Depletion of Resources. Quotations
Hi, do you know of a remarkable, humorous quote by a famous person or a proverb related to depletion of (natural) resources?Please enter a reaction to share it for other people to enjoy! "All our e...

🔥	The Impact of Depletion on Various Financial Statements How is depletion impacting various financial statements? INCOME STATEMENT IMPACT: Expense Recognition: Depletion is recorded as a cost of goods sold or operating expenses on the income statement.... 3