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accumulated depletion

An accumulating contra-asset account for an asset that is depletable, such as a mine. The balance in this account will be subtracted from the asset account when it is shown on the balance sheet, thus giving rise to the term contra-asset.

Related information about accumulated depletion:
  1. accumulated depletion definition | AccountingCoach.com
    The cumulative amount of depletion expense pertaining to the natural resources shown on the balance sheet. The account has a credit.
     
  2. Accumulated Depletion - Financial Dictionary - The Free Dictionary
    A total reduction to the value of an asset over time. Accumulated depletion comes about as a result of the physical reduction of the asset's features. For example ...
     
  3. What is accumulated depletion? definition and meaning
    Definition of accumulated depletion: An accumulating contra-asset account for an asset that is depletable, such as a mine. The balance in this account will be ...
     
  4. Accumulated Depletion: Definition from Answers.com
    Accumulating contra - asset account for a depletable asset, such as a mine. The balance in this account is subtracted from the asset account when shown.
     
  5. Accounting Principles I: Natural Resources
    Instead of using a contra-asset account to record accumulated depletion, companies may also decrease the balance of natural resources directly. Therefore ...
     
  6. accumulated depletion Definition | Business Dictionaries from ...
    accumulating contra-asset account for a depletable asset, such as a mine. The balance in this account is subtracted from the asset account when shown on the ...
     
  7. What Other Types of Contra Accounts Are Recorded on the Balance ...
    Accumulated depletion accounts for the reduction of value in a natural resource. ... The amount of the decline is recorded in the accumulated depletion account.
     
  8. Financial Accounting and Accounting Standards - UCSB Economics ...
    Illustration: Callahan Mining had a retained earnings balance of $1,650,000, accumulated depletion on mineral properties of $2,100,000, and share premium of ...