________ are accounted for as long-term assets when purchased or developed, and their cost is transferred to expense through a process called depletion.
A) Intangible assets
B) Franchises
C) Natural resources
D) Trademarks

Question

Quizplus · Accepted Answer

Natural resources are accounted for as long-term assets when purchased or developed, and their cost is transferred to expense through a process called depletion. Intangible assets, franchises, and trademarks are not subject to depletion.

________ Are Accounted for as Long-Term Assets When Purchased or Developed