The diminishing-balance method is the most common method of depreciation for natural resources.

Name: The diminishing-balance method is the most common method of depreciation for natural resources.
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Quizplus · Accepted Answer

The most common method of depreciation for natural resources is the units-of-production method, not the diminishing-balance method. The diminishing-balance method is more commonly used for depreciable assets like machinery and equipment, where the asset's utility decreases more rapidly in the initial years.

The Diminishing-Balance Method Is the Most Common Method of Depreciation