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Depletion

2 Posts
1 Sections
1 Types

January 1, 1 6 min read Definitions

Depletion Natural Resources Tax Deduction Land Value Mineral Rights Oil and Gas Timber Income-Producing Property

Depletion refers to a non-cash deduction that accounts for the reduction in value of an income-generating natural resource, such as minerals, oil, gas, or timber.

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January 1, 1 6 min read Definitions

Wasting Asset Depreciation Asset Valuation Real Estate Physical Deterioration Depletion Investment Decay Obsolescence

A wasting asset is a property, resource, or investment that diminishes in value over time due to inherent factors like physical deterioration, depletion, or obsolescence.

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