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After the financial crisis of 2007/2008, the Dow Jones Industrial Average (DJIA) improved from a low of 7278 on March 20, 2009, to new records just a few years later.
On August 8, 2011, the Dow dropped 634.8 points. A histogram of day-to-day changes in
The DJIA looked like the histogram below. An accurate description of the distribution of
Changes in the DJIA is
Accumulated Depletion
The total amount of natural resources cost that has been allocated as an expense due to the physical removal or consumption of the natural resource.
Contra-Asset Account
An account that is used to reduce the value of a related asset, e.g., allowance for doubtful accounts reduces accounts receivable.
Natural Resources
Assets that occur in nature, such as minerals, forests, and water, often subject to depletion over time through use.
Intangible Asset
An asset lacking physical substance but offering economic value through rights or intellectual property.
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