Depletion Accounting

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.
Depletion Accounting
A method of calculating the depreciation of a wasting asset based on the rate at which it is being used. For example, a coal mine could be depreciated on the basis of the rate at which coal is extracted from it.

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