The meaning of DEPLETE is to empty of a principal substance. How to use deplete in a sentence. Did you know? Synonym Discussion of Deplete.
the asset's features. For example, there is only so much oil in an oil field. Depletion reduces the value of the oil field in a way related to the amount of oil drilled up over a given period of time. Depletion is used most often with natural resources. See also:Depreciation,...
depletion meaning, definition, what is depletion: when an amount of something is greatly r...: Learn more.
Definition:Depletion expense is the cost allocated to natural resources when they extracted. The concept of depletion of natural resources is similar to the depreciation of fixed assets. Since natural resources don’t have useful lives like fixedassetsdo, they can’t be depreciated over a certain ...
The cumulative amount of depletion expense pertaining to the natural resources shown on the balance sheet. The account has a credit balance and will be reported on the balance sheet as a contra asset. Related Q&A What causes a reduction in Accumulated Depreciation?
with the kind of solution that can lead to a pain-free transition. Scientists warn that relying on alternative resources might only support half of the global population. The absence of a realistic alternative to fossil fuels will mean that the first priority will be to curb the demand for ...
1.27.3.2.1.1Depletion of abiotic resources Abiotic resources are nonliving natural substances, such as copper ore and crude oil, and may contain energy resources, such as wind energy. One of the most commonly deliberated impact class isabiotic depletion potential(ADP), and there is an extensive ...
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National ocean-going fishing vessels fishing, depletion of fisheries resources in the Gulf of Aden. This situation has had a devastating blow to the fishing activities of the Somali fishermen, to some extent contributed to the status of pirates flooding the region. ...
Cost depletion is one of two accounting methods used to allocate the costs of extracting natural resources, such as timber, minerals, and oil, and to record those costs asoperating expensesto reducepretax income. It’s a method for allocating extraction costs, charged as anexpense. The yearly ...