Asked by mahesh likhe on Jun 05, 2024

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Natural resources:

A) Include standing timber, mineral deposits, and oil and gas fields.
B) Are also called wasting assets.
C) Are long-term assets.
D) Are depleted.
E) All of these.

Wasting Assets

Resources that decrease in value over time due to physical deterioration or depletion, such as minerals, oil reserves, or patents.

  • Identify the differences between depreciation, amortization, and depletion.
  • Comprehend the treatment of natural resources and the concept of depletion.
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ZK
Zybrea KnightJun 05, 2024
Final Answer :
E
Explanation :
Natural resources include standing timber, mineral deposits, and oil and gas fields. They are also called wasting assets as they are depleted over time. They are long-term assets but do not have an infinite life as they are depleted.