At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
Natural resources and intangible assets are two other forms of long-term assets. The cost of natural resources' development and acquisition are combined and reported. Depletion-produced units are given this cost, less the expected residual value, as compensation.
What is amortization of natural resources?
A tangible asset's cost is spread out over its useful life by depreciation, the cost of extracting natural resources like lumber, minerals, and oil from the ground is allocated by depletion, and intangible assets are deducted over a specific time period, usually the asset's life, by amortization.
The computation of depreciation for a collection of various fixed assets is known as composite depreciation, which uses a single straight-line depreciation rate and average useful life. The technique is used to determine depreciation for all assets in a class, such as manufacturing or office equipment.
To know more about amortization, refer:
https://brainly.com/question/24232991
#SPJ4
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.
