Amortization of intangible assets and depletion of natural resources is conceptually similar to depreciation of constructed assets. Is the statement correct?

Yes, it is correct.

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No, it is not correct

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Not sure

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May be its correct

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Solution

The correct option is A
Yes, it is correct.

Amortization of intangible assets and depletion of natural resources is conceptually similar to depreciation of constructed assets. This statement is correct.

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Similar questions

A company has to disclose depreciation provided on fixed assets and amortization of intangible assets under ___

List-I	List-II
I. Amortisation	(a) Diminition in the life of the assets due to excessive use
II. Depreciation	(b) Exhaustion of natural resource
III. Depletion	(c) Expiration of tangible assets
IV. Obsolescence	(d) Expiration of intangible assets
	(e) Economic deterioration due to improved inventions

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