This is an annual debit of a section of the cost of a particular asset over its useful lifetime through depletion, depreciation, and amortization. Depletion recovers the cost of natural resources, depreciation recovers the cost of palpable property, and amortization recovers the cost of patents or goodwill.
Cost Recovery
This is an annual debit of a section of the cost of a particular asset over its useful lifetime through depletion, depreciation, and amortization. Depletion recovers the cost of natural resources, depreciation recovers the cost of palpable property, and amortization recovers the cost of patents or goodwill.
