Gross value of depreciable/depletable assets includes all fixed depreciable/depletable assets contained in accounting records of establishments. The values shown (gross book value) represent the actual cost of assets at the time they were acquired. Included are all costs incurred in making the assets usable (such as transportation and installation)

Gross value of depreciable/depletable assets includes:

1. All buildings, structures, machinery, and equipment (new and used) for which depreciation reserves are maintained
2. Mineral exploration and development
3. Mineral land and rights
4. Deductions from depreciable/depletable assets during year

Excluded are nondepreciable capital assets including inventories and intangible assets, such as expensed mineral exploration, development, land, and rights.

The definition of fixed depreciable/depletable assets is consistent with the definition of capital expenditures. For example, expenditures include actual capital outlays during the year rather than the final value of equipment put in place and buildings completed during the year.

In addition, respondents were requested to make certain that assets at the beginning of the year plus capital expenditures, less retirements, equaled assets at the end of the year.