Contra-Asset Account

Accumulated Depletion
Accumulated depletion is a contra-asset account associated with depletable natural resources like mines. It reflects the total usage or reduction in value of these resources over time.
Contra-Asset Account
A contra-asset account is used in accounting to accumulate amounts that reduce the value of a related asset account, such as accumulated depreciation being subtracted from the property, plant, and equipment asset account.

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