Which of the following is not a difference between the accounting treatments for depreciation and depletion? a. Depletion applies to natural resources while depreciation applies to plant and equipment. b. Depletion refers to the physical exhaustion or consumption of the asset while depreciation refers to the wear, tear, and obsolescence of the asset. c. Many methods are available in computing depreciation but only one method is used in computing depletion. d. The cost of the asset is the starting point for the computation of the periodic charge for depreciation, but the fair value reassessed each year is the starting point for the computation of the periodic charge for depletion