Intangible assets are subject to a process called depletion.

Name: Intangible assets are subject to a process called depletion.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

Depletion is a process that applies to natural resources and tangible assets such as oil fields, coal mines, and forests. It is the gradual reduction of the asset's value over time as its resources are used up. Intangible assets such as patents, trademarks, and brand names do not typically undergo depletion.

Intangible Assets Are Subject to a Process Called Depletion