Which of the following is the expense resulting from a decline in the utility of a natural resource?

Question

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Depletion is the expense resulting from a decline in the utility of a natural resource. This occurs when a finite resource is being used up, and the cost of extracting or using it increases as it becomes scarcer. Obsolescence refers to the decrease in the usefulness or value of an asset due to technological advances or changes in market demand. Amortization and depreciation are methods of allocating the cost of assets over their useful lives, but they do not specifically apply to natural resources.

Which of the Following Is the Expense Resulting from a Decline