Accumulated Depletion

question 169

Multiple Choice

Accumulated Depletion

• A) is used by all companies with natural resources.
• B) has a normal debit balance.
• C) is a contra-asset account.
• D) is never shown on the statement of financial position.

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Definitions:

Excludable

A characteristic of a good or service where it's possible to prevent individuals who have not paid for it from having access.

Television Signal

The electronic waves transmitted from a broadcast station that carry audio and visual information to televisions.

Nonrival Consumption

A characteristic of goods where one person's consumption does not reduce availability or enjoyment of the good for others.

Nonexcludable

A characteristic of a good whereby it is not possible to prevent individuals from consuming the good once it has been provided.