Depletion

1.

Depletion is a reduction in the amount of an asset, often the quantity of a finite physical asset such as oil and gas reserves.

2.

Accounting.

Depletion also refers to the accounting recognition of the reduction in value of physical reserves (for example, oil or gas).

Accounting depletion is similar to accounting depreciation and amortisation.

See also

• Amortisation
• Depreciation
• Reserves