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Depletion |
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Depletion The process by which the cost or other basis of a natural resource (for example, an oil and gas interest) is recovered upon extraction and sale of the resource. The two ways to determine the depletion allowance are the cost and percentage methods, both of which are defined elsewhere in this glossary. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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If your cell phone battery is depleted for no obvious reason ("Cyber attack depletes cell phone batteries," SN: 9/16/06, p. Supply Widens: The amount of time needed to deplete the supply of homes for sale in California rose to more than three months for the first time in almost a year and a half, helping hold back the state's increase in housing prices. Besides UNEP, other organizations involved in the initiative are Interpol, the World Customs Organization, and the secretariats of the three multilateral environmental agreements (MEAs) that have trade provisions: the Convention on Inter national Trade in Endangered Species of Wild Fauna and Flora (CITES), the Montreal Protocol on Substances that Deplete the Ozone Layer, and the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal. |
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