The method is specially suited to natural resources (mines, quarries, sand, pits etc.) is said to be ________.

annuity method

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depletion method

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revaluation method

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sum of digits method

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Solution

The correct option is B depletion method
Depletion method is used for natural resources like mines, quarries, sand, pits etc.

Suggest Corrections

	List I		List II
A.	Leasehold property	1.	Depreciation Fund Method
B.	Mines, quarries etc.	2.	Annuity Method
C.	The interest lost on the acquisition of Method an asset	3.	Fixed Instalment Method
D.	To provide for replacement of assets at the end of its useful life	4.	Depletion Method