Which of the Following Is True of Depletion Recorded for Natural

question 118

Multiple Choice

Which of the following is true of depletion recorded for natural resources?

• A)It recognizes increases in market value with the passage of time.
• B)It matches the cost of resources used up with the revenues that are earned.
• C)It is also recorded on buildings and equipment used in extracting the resource.
• D)It is determined by a method similar to declining balance depreciation.

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