To record the depletion of natural resources, the most common method is to use the double declining-balance method.

Question

Quizplus · Accepted Answer

The most common method to record the depletion of natural resources is the units-of-production method, not the double declining-balance method. The units-of-production method allocates the cost of the natural resource based on the quantity of resource extracted during the period.

To Record the Depletion of Natural Resources, the Most Common