Depreciation is for Fixed Assets. Amortization for intangible assets. What is Depletion for?

Question

mohamed tantawy · Answer

concept used most often in mining, timber, petroleum, in general used for natural resources for the reduction of a product's reserves

Ramachandra MS · Answer

Depletion is for natural resources, used for mines and quarries.

Hisham Ali, CMA · Answer

The systematic expensing of the original cost of physical assets over time is called depreciation.

The systematic expensing of the original cost of natural resources over time is called depletion.

The systematic expensing of the original cost of intangible assets over time is called amortization

Jenny Ong · Answer

DEpletion is for Natural Resources

saddaf qureshi · Answer

In accounts the depletion is for Natural resource

mohamed Hakim CMA CPA Candidate · Answer

Natural resources

Osama Ahmed · Answer

As answered by others, depletion is for natural resources , usually and most commonly used for mines and quarries.

jassim karadan · Answer

Additional expenses

Divyesh Patel · Answer

It's natural resource.