Depletion Is the Process of Transferring the Cost of Intangible

question 58

True/False

Depletion is the process of transferring the cost of intangible assets to an expense account.

---

Definitions:

Environmental Degradation

The deterioration of the environment through the depletion of resources, destruction of ecosystems, and extinction of wildlife.

Law Of Conservation

A principle stating that energy cannot be created or destroyed in an isolated system, but can only be transformed from one form to another.

Chemical Change

A process where substances interact to form new substances with different chemical and physical properties.

Lower-Quality Energy

Energy forms that are less useful or harder to convert into work, often associated with higher entropy and less efficiency in usage.