Natural resource depreciation 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 depreciation, also known as depletion, is the process of allocating the cost of natural resources that have been extracted and sold to expense over the period they are consumed. This reflects the usage of the resource over time.

Natural Resource Depreciation Is