The Process of Transferring the Cost of Metal Ores and Other

question 106

Multiple Choice

The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called

• A) depletion
• B) deferral
• C) amortization
• D) depreciation

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Definitions:

Extinct

A term describing species that no longer exist anywhere on Earth.

Recreational Value

The worth derived from natural resources for leisure activities.

Ecological Value

A measure of the importance of a particular ecosystem or species in terms of its benefit to the environment or human wellbeing.

Economic Value

The worth of a good or service determined by the market, reflecting its utility, rarity, and demand by consumers.