Depletion

Business, Legal & Accounting Glossary

Definition: Depletion




What is the dictionary definition of Depletion?

Dictionary Definition


n. when a natural resource (particularly oil) is being used up. The annual amount of depletion may, ironically, provide a tax deduction for the company exploiting the resource because if the resource they are exploiting runs out, they will no longer be able to make money from it.


Cite Term


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Page URL
https://payrollheaven.com/define/depletion/
Modern Language Association (MLA):
Depletion. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 27, 2021 https://payrollheaven.com/define/depletion/.
Chicago Manual of Style (CMS):
Depletion. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/depletion/ (accessed: September 27, 2021).
American Psychological Association (APA):
Depletion. PayrollHeaven.com. Retrieved September 27, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/depletion/

Definition Sources


Definitions for Depletion are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 1 Views.