Natural resources may be reported under either plant assets or their own separate category on the balance sheet.

Name: Natural resources may be reported under either plant assets or their own separate category on the balance sheet.
Brand: Quizplus
Rating: 4.7 (47 reviews)

Question

Quizplus · Accepted Answer

Natural resources, such as minerals and timber, are sometimes reported as part of plant assets if they are actively used in the production process, but can also be listed as a separate category on the balance sheet if they are held for investment or speculation purposes.

Natural Resources May Be Reported Under Either Plant Assets or Their