June 18, 2015 Depletion The systematic allocation of the cost of a natural resource from the balance sheet to the income statement. Related Posts Acid test Index Fund We Uncomplicate all your #GST Complications! And bring Smile to your face! About The Author Arvind Sharma Add a Comment Cancel reply Your email address will not be published. Required fields are marked *Comment:*Name:* Email Address:* Website: This site uses Akismet to reduce spam. Learn how your comment data is processed.