Depletion of Natural Resources
{"Image DocumentName": "Depletion of Natural Resources", "Image ImageDescription": "Natural resources are depleted (amortized) over time as they are removed. Depletion is calculated using an activity method (such as units-of-production) The depletion charge is initially debited to Inventory. When the resource is sold, Inventory is credited and Cost of Goods Sold is debited. Where an equipment\u2019s useful life is clearly linked to the life of the resource, it is also amortized using the units-of-production method. Copyright John Wiley & Sons Canada, Ltd.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}