Q186
The term _______ is generally used for the depreciation of natural resources
A.
Amortization
B.
Depletion
AnswerC.
Appreciation
D.
Disposal value
Answer: Option B
Solution
Answer: Option B
Solution:
The term Depletion is generally used for the depreciation of natural resources. Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources such as timber, minerals, and oil from the earth.