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Natural resources are called:?

a) intangible assets

b) plant assets

c) wasting assets

d) none of the above

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Question added by Said Shaban , Accountant , Tri State Materials Testing
Date Posted: 2015/08/19
Said Shaban
by Said Shaban , Accountant , Tri State Materials Testing

The correct answer is: C- Wasting assets

Natural resources such as minerals ,oil, timber are called wasting assets.

Sohail Lone
by Sohail Lone , Assistant Manager Audit , Deloitte - United Arab Emirates

d) The correct answer .None of above

Rizwan Haji
by Rizwan Haji , Finance Manager , Tanzania Road Haulage (1980) Ltd

Natural Resources - Non of the above

Muhammad Tahir Godil
by Muhammad Tahir Godil , Financial Planning and Analysis Manager , The Court Group Of Companies

D) None of above because u cannot according to the definition the asset must be recognize if probable expected cash inflow or company have the right to control them

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