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  • 21-10-2021
  • Business
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what is the cost allocation method called that is used for natural resources?

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arthanakantharupan
arthanakantharupan arthanakantharupan
  • 21-10-2021

Answer:

The process of allocating the cost of plant and equipment over the periods they are used to produce revenues is known as depreciation. For natural resources, this process is called depletion, and for intangible assets it is called amortization.

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