DEPLETION is the process of cost allocation that assigns the original cost of a natural resource to the periods benefited. For example: a mining company purchases mineral rights to a deposit. For $5 million for a period of ten years. The cost of the natural resource, $5 million, will be depleted over the ten years of the benefit; i. E., it is the physical exhaustion of a natural resource (e. G., timber, oil and coal).
Barry Goldsmith
| APA | Barry Goldsmith. (2010). depletion. Retrieved September 24, 2026, from http://smartdefine.org/depletion/definitions/1151861 |
| Chicago | Barry Goldsmith. 2010. "depletion" http://smartdefine.org/depletion/definitions/1151861 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, depletion, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/depletion/definitions/1151861>. |
| MLA | Barry Goldsmith. "depletion" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/depletion/definitions/1151861> |