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?
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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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