Depletion method of depreciation is used for
ABuildings and land
BVehicles and machinery
CPatents and copyrights
Dmines, quarries etc.
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Related Questions:
---- is a formal record of all transactions relating to a particular item.
--- is the common base for preparing a trial balance.
The policy of "anticipating no profits and provide for all possible losses" arises due to
convention of ----.
Under diminishing value method, depreciation is calculated on ---.
Balance sheet is a -----.