Depletion is the name given to the periodic allocation of the costs of assets created by human effort.

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Depletion is a term used in accounting to refer to the allocation of the cost of natural resources, such as oil and gas reserves, over the period of time they are being extracted. The term "amortization" is often used to refer to the periodic allocation of costs for intangible assets created by human effort, such as patents or copyrights.

Depletion Is the Name Given to the Periodic Allocation of the Costs