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Depreciation, Amortization and Depletion
You discussed only depreciation and amortization during the course, when do we use depletion in accounting?
Dec 17 2013 02:44 PM
Depletion concept is similar to depreciation, however it is used in industries such as oil, timber and other natural resource industry - it indicates how much of the resource has been consumed.
Dec 31 2013 02:38 PM
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