depletion expense

Definition

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