Reclamation expenses associated with the use of the land in a mining operation should be estimated,accrued,and allocated to depletion costs over time.

Question

Quizplus · Accepted Answer

Reclamation expenses are a necessary cost associated with the use of land in a mining operation. These expenses should be estimated, accrued, and allocated to the depletion costs over time. This helps to ensure that the costs are properly reflected in the financial statements and that the full cost of mining is accounted for. Therefore, the statement given in the question is true.

Reclamation Expenses Associated with the Use of the Land in a Mining