Discussion
Cost depletion allocates the property's cost in proportion to the
Answer: B
Correct answer: units extracted against the total recoverable
Cost depletion divides the property’s cost by the estimated recoverable units to give a rate per unit, and charges that rate on the units taken each year. It is the depletion counterpart of the units of production method, and it depends on an estimate of the reserve that may itself be revised as extraction proceeds.
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