How does depletion affect the balance sheet and income statement? Why is depletion accounted for in a

Question:

How does depletion affect the and income statement? Why is depletion accounted for in a manner that differs from depreciation and amortization?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...