Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ________________ which ever is smaller ?
What are the common methods of computing depletion charge ?
What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents ?
The functional depreciation is sometimes called ____________________?
What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results ?
What type of depreciation is due to the reduction in the demand for the function that the equipment or asset was designed to render ?
What refers to the present worth of cost associated with an asset for an infinite period of time ?
The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called _____________________?
The process of determining the value or worth of a physical property for specific reason is called ____________________?
In computing depreciation of an equipment, which of the following represents the first cost ?
