MCQOPTIONS
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| 1. |
Using factor method, the depletion at any given year is equal to: |
| A. | Initial cost of property times number of unit sold during the year divided by the total units in property |
| B. | Initial cost of property divided by the number of units sold during the year |
| C. | Initial cost of property times number of units sold during the year |
| D. | Initial cost of property divided by the total units in property |
| Answer» B. Initial cost of property divided by the number of units sold during the year | |