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Depletable assets are Natural Resources that can be depleted or exhausted over time through extraction or consumption, such as oil, gas, minerals, and timber. These assets are recorded on a company's balance sheet and are subject to depletion accounting, which allocates the cost of the resource over its useful life. As the resource is extracted, the asset's value decreases, reflecting the reduction in the quantity of the resource available. This accounting treatment helps companies accurately represent the value of their natural resources and their impact on financial performance.
What else can I help you with?
What are depletable assets?
sweet answer
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What is difference between personal assets and company assets?
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
What are depletable assets?
sweet answer
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What is difference between personal assets and company assets?
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
How do you find the percentage of current assets to total assets?
percentage of current assets to total assets
Are intangible assets included in liabilities?
Intangible assets are assets like other assets just they cannot be seen by eye or feel by hand but as they are assets they are included in assets and part of liability.
Types of assets that are amortized?
Intangible assets are those assets which are amortized as compared to tangible assets which are depreciated.
What are the categories of assets?
1. 1 - Current Assets 2 - Fixed Assets 3 - Ficticious Assets
Is gross block current assets or fixed assets?
fixed assets
What are unexempt assets?
There is no such thing as unexempt assets. They are called non-exempt assets, and they are assets that must be given up.
What are the Examples of quick assets?
Quick Assets. I assume you mean the assets used for the Quick Ratio. The assets used are Cash + Receivables (Current Assets - Inventory)
