Represents the cumulative amount of depletion expense applied to natural resource assets such as oil, gas, minerals, and timber.
Reported as a contra-asset account on the balance sheet, reducing the carrying value of depletable assets over time.
Display Name | Less Accumulated Depletion |
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Packages | Financial |
Represents the cumulative amount of depletion expense applied to natural resource assets such as oil, gas, minerals, and timber.
Reported as a contra-asset account on the balance sheet, reducing the carrying value of depletable assets over time.