A method of allocating the cost of a wasting asset (such as a gold mine or an oil well) to expense over the periods during which the value is removed from the property is termed as:
a. amortization
b. wastage
c. depreciation
d. impairment
e. depletion
Answer: e. depletion
Business
You might also like to view...
Real Estate Commission rules prohibit a broker from keeping any of the brokerage funds in an escrow account.
a. true b. false
Business
When copytesting print ads, researchers often use which type of approach?
A) portfolio test B) theater test C) regulatory test D) cognitive neuroscience
Business