Natural resource depletion is
A) a decrease in fair value of natural resources.
B) the amount of spoilage that occurs when natural resources are extracted.
C) the process of allocating the cost of natural resources extracted and sold to expense.
D) the method used to record unsuccessful oil well explorations.

Question

Quizplus · Accepted Answer

Natural resource depletion refers to the allocation of the cost of natural resources extracted and sold to expense, similar to depreciation for tangible assets.

Natural Resource Depletion Is