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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.

Related information about depletion expense:
  1. Accounting Principles I: Natural Resources
    Depletion expense is generally calculated using the units-of-activity method. Under this method, a per-unit cost of depletion is found by dividing the depletable ...
     
  2. What is depletion expense? definition and meaning
    Definition of depletion expense: The cost associated with taking off natural resource accounts at the end of an accounting period. The amount is also recorded ...
     
  3. How to Calculate for Depletion Expense on a Schedule E | eHow.com
    How to Calculate for Depletion Expense on a Schedule E. Depletion is similar to depreciation, where you can deduct the cost of an asset over the life of the asset ...
     
  4. depletion expense definition | AccountingCoach.com
    Amount of depletion charged to expense on the income statement for the period indicated.
     
  5. Depletion
    Leasehold Cost - Prior Total Allowed Depletion = Net Leasehold Cost x Cost Depletion Factor = Cost Depletion Expense. The calculation for % Depletion would ...
     
  6. Depletion Expense | Formula | Example | Journal Entry
    Depletion is an accounting concept which is similar to depreciation but it is mostly used in timber, mining and mineral oil extraction industries to refer to the ...
     
  7. Depletion Method - AccountingTools
    Thus, if you extract 500 barrels of oil and the unit depletion rate is $5.00 per barrel, then you charge $2,500 to depletion expense. The estimated amount of a ...
     
  8. depletion Definition | Business Dictionaries from AllBusiness.com
    The entry for recording annual depletion is to debit depletion expense and credit accumulated depletion. Accumulated depletion is a contra account to the ...