Examlex
The LCP views the life course as a straight path.
Depletion Expense
The allocation of the cost of natural resources over their useful life.
Accumulated Depletion
The total amount of value that has been accounted for as a reduction in the value of a natural resource due to its extraction or usage.
Depletion Expense
An accounting approach to allocate the cost of extracting natural resources, such as minerals or timber, over the period those resources are consumed.
Straight-line Method
A method of calculating depreciation whereby an asset's cost is evenly spread over its useful life.
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