Multiple Choice
Which of the following is the expense resulting from a decline in the utility of a natural resource?
A) Obsolescence
B) Depletion
C) Amortisation
D) Depreciation
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q11: Depletion is the word we use instead
Q44: Which of the following would be expensed,
Q45: Which of the following depreciation methods allocates
Q46: Which of the following is the expected
Q48: Which of the following items should NOT
Q50: On 1 September 2014, Algernon Company sold
Q51: Which of the following statements about the
Q53: Equipment is sold for $1 000. The
Q54: If an asset's physical condition deteriorates more
Q141: Once an asset is fully depreciated,it may