de·ple·tion
| \ di-ˈplē-shən
\
\
Legal Definition of depletion
: the reduction of the value of the assets of a company engaged in removing natural resources (as by mining) because of the decrease over time of the natural resources (as coal) available in or on the land being worked
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“Depletion.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/depletion. Accessed 19 Oct. 2021.
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