Question

Depletion is: Multiple Choice The process of allocating the cost of natural resources to the period when it is consumed. Calculated using the double-declining balance method. Also called amortization. An increase in the value of a natural resource when incurred. oo The process of allocating the cost of intangibles to periods when they are used.

Answer 1

Depletion is the process of allocating the cost of natural resources to the period when it is consumed.

What is the significance of depletion?

Depletion can be regarded the lowering down in the level of quantity of a thing or an element, generally due to consumption, in such a way that a few costs are incurred upon such lowered quantity-levels.

In simple words, depletion can be regarded as the incurring of costs upon the reduction of a quantity of something. In the above case, the quantity of natural resources is reduced, causing depletion.

Hence, option A holds true regarding depletion.

Learn more about depletion here:

https://brainly.com/question/11318086

#SPJ2