The allocation of the costs of natural resources, such as minerals, to the units
ID: 2495286 • Letter: T
Question
The allocation of the costs of natural resources, such as minerals, to the units produced is referred to as
A. depreciation B. Depletion C. Amortization D. Salvage value
The term used to describe the process of allocating the acquisition cost of an intangible asset to expense during its estimated useful life is ___________________. A.Amortization B.Depreciation C. Depletion D. None of the above
When computing depreciation, the salvage value should be ignored if a company uses
the units-of-output method.Explanation / Answer
1. depletion method
2.amortization method
3.Reducing balance method