Examlex
All matter is composed of elements.Approximately how many elements are there?
Depletion Expense
The allocation of the cost of natural resources over their useful life, representing the exhaustion of mineral, oil, or gas deposits.
Mineral Deposit
A naturally occurring accumulation of minerals that can be extracted for economic benefit.
Journalize
The act of recording transactions in an accounting journal, noting the debit and credit aspects of each transaction.
Straight-Line Method
A depreciation method that allocates an asset's cost evenly across its useful life.
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