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The Leadup to the Industrial Revolution

Depletion met...

Question

Depletion method is used in all except __________.

A

Copper mine

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B

Stone quarry

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C

Plant and machinery

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D

Coal mine

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Solution

The correct option is C Plant and machinery
Depletion is a periodic charge to expense for the use of natural resources. Thus, it is used in situations where a company has recorded an asset for such items as oil reserves, coal deposits, or gravel pits etc. Whereas plant and machinery is a fixed tangible asset so, depreciation will be charged.

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