Accounting dictionary. 2014.
Depletion (accounting) — Depletion is an accounting concept used most often in mining, timber, petroleum, or other similar industries. The depletion deduction allows an owner or operator to account for the reduction of a product s reserves. Depletion is similar to… … Wikipedia
Depletion — may refer to: Depletion (accounting), an accounting concept Depletion region, a concept of semiconductor physics Depletion width, a concept of semiconductor physics Grain boundary depletion, a mechanism of corrosion Oil depletion, the declining… … Wikipedia
depletion — The using up of an asset, especially a mineral asset. For example, a quarry is depleted by the extraction of stone. See also: depletion accounting, wasting asset … Accounting dictionary
depletion — de‧ple‧tion [dɪˈpliːʆn] noun [uncountable] when an amount of something is greatly reduced or nearly all used up: • Many businessmen judged the bank s measures insufficient to prevent the continuing depletion of foreign exchange reserves. • the… … Financial and business terms
Depletion — An accrual accounting method that companies use to allocate the cost of extracting natural resources such as timber, minerals and oil from the earth. Depletion is calculated for tax deduction and bookkeeping purposes. Unlike depreciation and… … Investment dictionary
Depletion allowance — A term for either (1) a periodic assignment to expense of recorded amounts or (2) an allowable income tax deduction that is related to the exhaustion of mineral reserves. Depletion is included as one of the elements of amortization. When used… … Energy terms
depletion reserve — An account used in connection with diminishing assets such as mines, timber, etc. to reflect the depletion of the asset. + depletion reserve In accounting, a charge to income to reflect the decrease in value of a wasting asset such as an oil well … Black's law dictionary
Ozone depletion — Image of the largest Antarctic ozone hole ever recorded (September 2006) Ozone depletion describes two distinct but related phenomena observed since the late 1970s: a steady decline of about 4% per decade in the total volume of ozone in Earth s… … Wikipedia
Cost Depletion — One of two accounting methods used to allocate the costs of extracting natural resources, such as timber, minerals and oil, and to take those costs as a tax deduction. Cost depletion looks at the total amount of the resource to be extracted, how… … Investment dictionary
Green accounting — is a type of accounting that attempts to factor environmental costs into the financial results of operations. It has been argued that gross domestic product ignores the environment and therefore decisionmakers need a revised model that… … Wikipedia
