Question

what is depletion




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Answer 1

Answer:

Depletion refers to an accrual accounting method used to determine the expense of extracting natural resources from the earth, such as wood, minerals, and oil. Just like depreciation and amortisation, depletion is a non-cash expense. It incrementally lowers an asset's cost value through scheduled income charges.

Answer 2

Answer:

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If we draw more water from the ground than the amount of water which seeps into the ground, then the water table goes down and gets depleted.The water table does not get affected as long as we draw as much water as is replenished by natural processes.

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