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Commerce · Q176

Accounting

Graduate and Post Graduate · Commerce · question 176

Q176

Which of the following is/are kind of depreciation expenses?

A.
Amortization
B.
Depletion
C.
Both of them
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
Solution:
Amortization and Depletion are kind of depreciation expenses. Depreciation, depletion, and amortization (DD&A) are accounting techniques that enable companies to gradually expense resources of economic value.