Question

How does depreciation differ from Depletion, obsolescence, Amortisation and
Fluctuation?

Answer 1

Answer:

Depreciation spreads out the cost of a tangible asset over its useful life, depletion allocates the cost of extracting natural resources, such as timber, minerals, and oil from the earth, and amortization is the deduction of intangible assets over a specified time period; typically the life of an asset.