The allocation of the costs of natural resources, such as minerals, to expense as the resource is extracted is referred to as:

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Depletion is the allocation of the costs of natural resources, such as minerals, to expense as the resource is extracted. Depreciation refers to the allocation of the cost of long-lived assets to expense over their useful lives. Amortization refers to the allocation of the cost of intangible assets to expense over their useful lives. Salvage value is the estimated value of an asset at the end of its useful life.

The Allocation of the Costs of Natural Resources, Such as Minerals