The Proper Accounting for Natural Resources Is to Record the Original

Multiple Choice

The proper accounting for natural resources is to record the original cost as an:

A) asset,then later transfer amounts to Inventory as the resource is depleted,and finally expense the cost as the resources are sold.
B) asset,then expense the cost over its useful life.
C) expense in the period purchased.
D) asset,and then expense the cost over its useful life using straight-line depreciation.