The allocation of the costs of natural resources,such as minerals,to the units produced is referred to as

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Depletion is the allocation of the cost of natural resources to the units produced. Depreciation is the allocation of the cost of tangible assets, such as equipment, to the periods in which they are used. Amortization is the allocation of the cost of intangible assets, such as patents, to the periods in which they provide economic benefit. Salvage value is the estimated value that an asset will have at the end of its useful life, which is used in calculating depreciation.

The Allocation of the Costs of Natural Resources,such as Minerals,to