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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

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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