Amortization is the process of allocating the cost of natural resources to expense over the period in which the resource produces revenue.

Name: Amortization is the process of allocating the cost of natural resources to expense over the period in which the resource produces revenue.
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Amortization refers to the process of allocating the cost of intangible assets over their useful life, while the allocation of the cost of natural resources is called depletion.

Amortization Is the Process of Allocating the Cost of Natural