Discussion
Match the write-off with what it applies to.
1. Depreciation 2. Depletion 3. Service output method
P. A natural resource being exhausted Q. A physical asset wearing out or becoming obsolete R. An asset whose loss follows units produced
Answer: D
Correct answer: 1-Q, 2-P, 3-R
Three write-offs for three situations. Depreciation covers a physical asset losing value through wear or obsolescence. Depletion covers a natural resource being exhausted as it is extracted. And the service output method is the form of depreciation used where the loss follows the units produced rather than the years elapsed.
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