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Last year, five-year-old Alonda would say "No he coming" when explaining to her younger sister that their older brother would be staying home. Now Alonda will tell her sister "He's not coming". This example illustrates that Alonda has made gains in her use of
Natural Resource Depletion
The consumption of natural resources faster than they can be replenished, specifically accounted for in the valuation and depreciation of such resources by companies.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, culminating in its net income or loss for that period.
Depreciable Asset
An asset that loses value over time due to use, wear and tear, or obsolescence, and whose cost can be allocated over its useful life.
Net Income
A company's remaining income after deducting all costs and taxes from its revenue.
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