Natural resources are:
A)Consumable assets such standing timber,mineral deposits,and oil and gas fields.
B)Tangible assets used in the operations of the business.
C)Current assets because they are depleted.
D)Not subject to allocation to expense over their useful lives.
E)Depleted using a straight-line method.

Question

Quizplus · Accepted Answer

Natural resources are consumable assets that are depleted over time as they are used or extracted from the earth. Examples include standing timber, mineral deposits, and oil and gas fields. These resources are typically depreciated using either the units-of-production method or the depletion method, which is similar to the straight-line method but takes into account the estimated reserves of the resource.

Natural Resources Are