The term "__________" is used for the process of measuring and recording the exhaustion of natural resources.

Depreciation

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Depletion

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Amortization

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Obsolescence

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Solution

The correct option is B Depletion
Depletion is similar to depreciation in that it is a cost recovery system for accounting and tax reporting. Depletion is the exhaustion of natural resources as a result of their removal. examples are oil, minerals, and timber etc.

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Similar questions

(a) What is meant by inexhaustible natural resources ? Name two inexhaustible natural resources.

(b) What is meant by exhaustible natural resources ? Name any two exhaustible natural resources.

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