Depletion (accounting)
Reduction of the quantity of natural resources / From Wikipedia, the free encyclopedia
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For other uses, see Depletion (disambiguation).
Depletion is an accounting and tax concept used most often in the mining, timber, and petroleum industries. It is similar to depreciation in that it is a cost recovery system for accounting and tax reporting: "The depletion deduction" allows an owner or operator to account for the reduction of a product's reserves.
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