The treatment of depletion for natural resources is the same as the treatment of depreciation for property, plant and equipm of the following ways EXCEPT O impairments on natural resource assets are recorded through accumulated depletion. O depletion expense on natural resources is charged to the income statement through cost of goods sold. Onatural resource assets use an accumulated depletion account to show the carrying amount of the asset. O the depletion base per unit of a natural resource needs to be revised whenever the estimated total units of production changes.