Depletion is the process of allocating the cost of natural resources to periods when they are consumed.

Name: Depletion is the process of allocating the cost of natural resources to periods when they are consumed.
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Quizplus · Accepted Answer

Depletion is a method of cost allocation for natural resources such as oil, gas, coal, minerals, etc., and is based on the consumption of these resources. Depletion expense is recorded as a reduction of the carrying amount of the natural resource asset over time.

Depletion Is the Process of Allocating the Cost of Natural