DEPRECIATION, DEPLETION AND AMORTIZATION – DD&A
A method of accounting associated with the acquisition, exploration and development of new oil and natural gas reserves. Depreciation is a means of allocating the cost of a material asset over its useful life, such as operating equipment. Depletion is used to allocate the cost of extracting natural resources from the earth, and is the actual physical depletion of a natural resource by a company. Amortization is the deduction of capital expenses over a specified time period (typically the life of an asset), which in the case of oil and gas, refers to tangible non-drilling costs sustained while developing the reserves.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
