

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 | |