The calculation for depletion of natural resources is similar to the calculation for depreciation when the units-of-production method is used.

Question

Quizplus · Accepted Answer

Depletion is calculated based on units extracted,which is comparable to the units-of-production method,which allocates the depreciable cost of an asset over its useful life based on the relationship of its output during the period to its total estimated output.

The Calculation for Depletion of Natural Resources Is Similar to the Calculation