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The term is generally used for the depreciation of natural resources...

This question belongs to Commerce Accounting
Accounting
?

The term _______ is generally used for the depreciation of natural resources

Answer & Solution
Correct Answer: Option B
The term Depletion is generally used for the depreciation of natural resources. Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources such as timber, minerals, and oil from the earth.
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