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Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources
Depletion of Assets
Accounting Textbooks Boundless Accounting Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources Depletion of Assets
Accounting Textbooks Boundless Accounting Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources
Accounting Textbooks Boundless Accounting
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Accounting
Concept Version 7
Created by Boundless

Depletion Base

The depletion base for oil reserves includes all the costs incurred to put the asset into use.

The depletion base for oil reserves includes all the costs incurred to put the asset into use.

Types of costs include acquisition, exploration, development, and restoration costs.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Oil depletion per country."
    http://commons.wikimedia.org/wiki/File:Oil_depletion_per_country.png Wikimedia Public domain.

Related Terms

  • depreciation
  • adjusted basis
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