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Depletion Expense
The allocation of the cost of natural resources, such as minerals or timber, over their productive life to reflect their consumption.
Tons
A measurement unit of weight equal to 2,000 pounds in the United States (short ton) or 2,240 pounds in the UK (long ton).
Straight-Line Method
A depreciation technique that allocates an equal portion of an asset’s cost to each year of its useful life.
Residual Value
The estimated value of a fixed asset at the end of its useful life, reflecting what it could be sold for or its disposal cost.
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