Question

what is depletion???



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Answer 1

Answer:

Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources such as timber, minerals, and oil from the earth. Like depreciation and amortization, depletion is a non-cash expense that lowers the cost value of an asset incrementally through scheduled charges to income.

Answer 2

Answer:

Depletion is defined as a reduction in number or quantity. When forests get cut down, this is an example of the depletion of forests.

Explanation:

Ex:- Depletion is the exhaustion of natural resources as a result of their removal. Examples are oil, minerals and timber. Depletion reduces a company's taxable income.

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