Depletion Expense Is Computed by Multiplying the Depletion Cost Per

question 96

Multiple Choice

Depletion expense is computed by multiplying the depletion cost per unit by the

• A) total estimated units.
• B) total actual units.
• C) number of units extracted.
• D) number of units sold.

---

Definitions:

Cash Customer

A customer who pays for goods or services with cash at the time of purchase rather than buying on credit.

General Journal

A primary accounting record used to record all types of transactions before they are transferred to specific accounts in the general ledger.

Sales Tax

A government-imposed tax on the sale of goods and services, collected by the retailer and passed on to the government.

General Journal

A primary accounting record used to record all types of transactions before they are posted to the specific accounts in the ledger.