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    Financial Accounting IFRS Study Set 1
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    Exam 9: Plant Assets, Natural Resources, and Intangible Assets
  5. Question
    Accumulated Depletion
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Accumulated Depletion

Question 169

Question 169

Multiple Choice

Accumulated Depletion


A) is used by all companies with natural resources.
B) has a normal debit balance.
C) is a contra-asset account.
D) is never shown on the statement of financial position.

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