Depletion would be used for all of the following EXCEPT:

Name: Depletion would be used for all of the following EXCEPT:
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Depletion is a method of accounting used to allocate the cost of a natural resource over the period in which it is extracted or consumed. It is commonly used for depletable natural resources such as timber, oil and gas, and minerals. Merchandise inventory is not a depletable resource, and therefore, depletion is not used for it.

Depletion Would Be Used for All of the Following EXCEPT