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Depletion

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(Querist)
27 March 2015 What is depletion ..?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
27 March 2015 It means reduction in value........
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
27 March 2015 It usually means reduction in value because of its usage.. mostly used for assets... when we use a assets, its value gets low because of rear and tear
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CA ANILKUMAR B.COM FCA DISA

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CA ANILKUMAR B.COM FCA DISA (Querist)
27 March 2015 Though both have the same meaning, the term depreciation is used in case of tangible assets like building, furniture, etc. Depletion is used in case of non renewable assets like mining.
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