Natural resources are assets that are not man-made.
Some examples are timber, water ways, coal, oil, and gas. These assets are not depreciated, but rather depleted. Depletion is computed in a manner very similar to units of cost depreciation.
Natural resources are assets that are not man-made.
Some examples are timber, water ways, coal, oil, and gas. These assets are not depreciated, but rather depleted. Depletion is computed in a manner very similar to units of cost depreciation.
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