Long-Term Asset: Accounting for Natural Resources (Depletion Expense)
Channel: ProfAlldredge
Date: 2019-07-26

This video shows how to account for natural resources using depletion expense.  This is somewhat outdated method of accounting for natural resources.  A more accurate method would be to treat natural resource as an inventory item and record revenue and cost that way. But some books still show this method. 
@ProfAlldredge 
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