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