depletion expense


The cost associated with taking off natural resource accounts at the end of an accounting period. The amount is also recorded as accumulated depreciation.

Use depletion expense in a sentence

We must keep a record of our depletion expense in our companies books, this way we always know what it is.

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You need to remember to factor in the depletion expense so that you are prepared to deal with it when it comes.

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The depletion expense with the natural gas account was incredibly expensive and he was uncertain how to proceed given this fact.

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depletion deposit