Accounting · Depreciation
For charging depreciation on wasting assets like mines, quarries, and oil wells, which method is adopted?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Depletion Method✓
- 2Annuity Method
- 3Written Down Value Method
- 4Straight Line Method
Correct answer
Depletion Method
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