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Sticky Note
The term depletion applies to decrease in value of ______?
اصطلاح کی کمی ______ کی قیمت میں کمی کے لئے لاگو ہوتی ہے؟
  1. Wasting asset
  2. Current asset
  3. Tangible asset
  4. None of these
Explanation
  • Depletion refers to the gradual reduction in the value of natural resources like minerals, oil, or timber as they are extracted or used.
  • Unlike depreciation (which applies to tangible fixed assets), depletion specifically applies to wasting assets that diminish over time due to consumption.

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