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    Accounting What the Numbers Mean Study Set 1
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    Exam 6: Accounting for and Presentation of Property, Plant, and Equipment,
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    Accounting for Natural Resources
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Accounting for Natural Resources

Question 21

Question 21

Multiple Choice

Accounting for natural resources:


A) involves using the accumulated depreciation account.
B) involves estimating the quantity of the natural resource to be recovered.
C) involves an exception to the matching concept.
D) involves a double-declining balance depletion calculation.

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