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Depletion method of charging depreciation is adopted for which of the following assets?
  • a)
    Plant and machinery
  • b)
    Wasting Assets like mines and quarries
  • c)
    Buildings
  • d)
    Trademarks
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Depletion method of charging depreciation is adopted for which of the ...
If we were to examine all the given assets we'll see that only mines and quarries actually deplete due to it's usage. so yeah Depletion method is charged on it.
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Depletion method of charging depreciation is adopted for which of the following assets?a)Plant and machineryb)Wasting Assets like mines and quarriesc)Buildingsd)TrademarksCorrect answer is option 'B'. Can you explain this answer?
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