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Under GAAP, a company's natural resource assets, such as mines and oil wells, unless they are impaired, are stated at Original cost, without depletion Original
Under GAAP, a company's natural resource assets, such as mines and oil wells, unless they are impaired, are stated at Original cost, without depletion Original cost, minus depletion Estimated fair value Replacement cost
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
