The process of allocating the cost of a building to expense while it is in use is called depletion. FALSE
Depletion is an accounting and tax concept used most usually within the mining, wooden, and petroleum industries. it's miles just like depreciation in that it's miles a value recovery system for accounting and tax reporting: "The depletion deduction" allows an owner or operator to account for the reduction of a product's reserves.
Depletion is an accrual accounting technique used to allocate the cost of extracting herbal assets together with wood, minerals, and oil from the earth. Like depreciation and amortization, depletion is a non-coins cost that lowers the value value of an asset incrementally thru scheduled charges to income.
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