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Gaap Accounting For Stone Quarry

can i claim amortization or depletion on a stone quarry i,apr 11, 2017 hello can i claim amortization or depletion on a stone quarry accountants assistant the accountant will know how to help. please tell me more, so we can help you best. i am self employed and just bought a property on which there is a stone quarry which i am stripping and claiming the income from the property is 135 acres and i paid 304,000 for the property.depletion accounting entries for quarry reserves,quarry reserves and any person or company who relies on aasb 116 138 6 137 117 accounting quarrying leases quarry royalties read more chart of account sample for a quarry company.

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