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Question :-

A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data. The recognition of loss of value of a natural resource used in the production process is referred to as:
Capital reduction
Net loss
Depreciation
Depletion

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