June 18, 2015 Depletion The systematic allocation of the cost of a natural resource from the balance sheet to the income statement. Related Posts Types of deductions allowed to Salaried Individual in India FCNR What Is Advance Tax Liability And Who Is It For? About The Author Arvind Sharma Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment:*Name:* Email Address:* Website: Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.