Depletion Definition
dĭ-plēshən
noun
The act or process of depleting.
American Heritage
A depleting or being depleted.
Webster's New World
The gradual using up or destruction of capital assets, esp. of natural resources.
Webster's New World
The act of drawing out in its entirety, or using up, money or of a nonrenewable resource such as oil.
Webster's New World Law
Depletion is defined as a reduction in number or quantity.
When forests get cut down, this is an example of the depletion of forests.
YourDictionary
Synonyms:
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other
An accounting method used by mining, oil, or other natural resource companies to write off natural resource assets such as oil, gas, precious metals, or minerals as they are withdrawn from the ground. Depletion functions much like depreciating a building or equipment to reflect the fact that its value decreases over time. Depletion is a non-cash expense that is deducted from revenues; it increases expenses and thus lowers net income.
Webster's New World Finance
Other Word Forms of Depletion
Noun
Singular:
depletion
Plural:
depletions
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