The most common method of recording depletion for accounting purposes is the
A) single-declining method.
B) double-declining method.
C) straight-line method.
D) units of production method.

Question

Quizplus · Accepted Answer

The units of production method is the most common method for recording depletion as it allocates the cost based on actual usage or extraction of the resource.

The Most Common Method of Recording Depletion for Accounting Purposes