Depletion
Can any energy/natural resources guys explain depletion and how it would affect all of the financial statements?
Can any energy/natural resources guys explain depletion and how it would affect all of the financial statements?
Career Resources
Its the same thing as depreciation for financial statement purposes. It is just another name for cost allocation for natural resource assets, such as an oil well.
^^ yep.
although there's no tax benefits i believe. also for stuff like oil rigs i think the field and the rig have to be valued separtely
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