Which Assets Are Depleted

question 131

Multiple Choice

Which assets are depleted?

• A)intangible assets
• B)natural resources
• C)property,plant and equipment,except for land
• D)long-term investments in marketable stocks and bonds

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Definitions:

Storage Costs

Expenses incurred for storing goods or materials until they are used or sold, which can impact a company's overall profitability.

Insurance Cost

Insurance cost is the expense incurred in purchasing insurance policies, offering protection against potential financial losses.

Safety Reserves

Funds or stocks kept on hand by an organization or individual as a buffer against potential shortfalls or emergencies.

Obsolescence Cost

Obsolescence cost refers to the loss of value of an asset due to technological advancements, changes in market demand, or regulatory changes.