The spectra of gravity and magnetic anomalies due to a prismatic body can be expressed as sums of exponentials. The complex exponents of these exponentials are functions of frequency and locations of the corners of the body. An exponential approximation method is used for the analysis of the radial spectra of an anomaly and its first order moments for obtaining accurate estimates of the depths to the top and bottom of the body. A method has also been developed for determining approximately the location of the centroid of the body. When the location of the centroid and the depths to the top and bottom are known for the causative body, it is possible to calculate the horizontal dimensions with the help of the spectrum of the anomaly.