10. The process of allocating the cost of natural resources used up over the years is called: a. b. c. d. depletion depreciation amortization securization 11. You saw this journal entry: $500,000 PPE Common Stock Additional Paid-in-Capital--Common Stock $10,000 $490,000 What happened? a. b. c. d. the company paid cash to acquire PPE the company issued stock to acquire PPE the company borrowed money to acquire PPE the company traded in some old PPE to acquire new PPE 12. Which statement about Accumulated Depreciation is false? a. b. it is a contra-asset it shows that the cost of PPE has been allocated over the years benefitted it is subtracted from PPE it shows the decrease in market value of PPE over the years used d. a. 13. The fixed asset turnover ratios helps you to determine: how well the company uses its PPE to generate sales revenue b. how well the company uses its total assets to generate sales revenue how quickly the company sells its PPE d. how often the company replaces its PPE c