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Question
Depletion method is normally applied in case of _________ assets.
Depletion method is normally applied in case of _________ assets.
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Solution
The correct option is C Wasting
Wasting Assets are the assets that have a limited life and thus
decreases in value (depreciates) over time.
The
term depletion is used in the context of extraction of natural resources like mines,
quarries, etc. that reduce the availability of the quantity of the material or
asset.
Hence Depletion method of depreciation is normally applied in case of wasting assets.
Wasting Assets are the assets that have a limited life and thus decreases in value (depreciates) over time.
The
term depletion is used in the context of extraction of natural resources like mines,
quarries, etc. that reduce the availability of the quantity of the material or
asset.
Hence Depletion method of depreciation is normally applied in case of wasting assets.
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