Chapter 17, Problem 13CR

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

The depreciation of natural resources is known as ____. The accounting term used to describe these natural resources is ______ assets. (17-6)

To determine

**To fill:** The statement “The depreciation of natural resources is known as_______. The accounting term used to describe these natural resources is ________ assets.”

Explanation

Depletion is the term associated with the depreciation of natural resources.

It is the proportional allocation of the cost of natural resources of the units used up, or depleted per accounting period...

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