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  3. Study Set
    College Accounting Study Set 5
  4. Exam
    Exam 18: Accounting for Long-Term Assets
  5. Question
    Properties Whose Physical Substance Consists of Natural Resources That Are
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Properties Whose Physical Substance Consists of Natural Resources That Are

Question 3

Question 3

True/False

Properties whose physical substance consists of natural resources that are consumed in the operation of a business are called wasting assets.

Correct Answer:

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