Document Your Idea

question 66

Multiple Choice

Document your idea:

• A)after you have discussed it with your lawyer
• B)after you have completed a prototype of the product
• C)as soon as possible
• D)after you have test marketed it

---

Definitions:

Depletion

The systematic allocation of the cost of natural resources over their productive lives is known as depletion, reflecting the reduction in the availability of resources as they are extracted or utilized.

Natural Resource

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

Straight-Line Method

A depreciation technique that allocates an equal amount of an asset's cost to each year of its useful life.

Commercial Substance

A term used in accounting to indicate that a transaction has caused a change in the economic circumstances of a business.