Question: Natural resources are: Multiple Choice Current liabilities because they are depleted. Assets that are physically consumed when used such as standing timber, mineral deposits, and

Natural resources are: Multiple Choice Current liabilities because they are depleted. Assets that are physically consumed when used such as standing timber, mineral deposits, and oil and gas fields. Depleted using a straight-line method. Not subject to allocation to expense over their useful lives. Tangible assets used in the operations of the business

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