Natural resources are: Multiple Choice Assets

that are physically consumed when used such as standing timber, mineral deposits, and oil and gas fields.

Tangible assets used in the operations of the business.

Current liabilities because they are depleted.

Not subject to allocation to expense over their useful lives.

Depleted using a straight-line method.

That are physically consumed when used such as standing timber, mineral deposits, and oil and gas fields.

Answer: that are physically consumed when used such as standing timber, mineral deposits, and oil and gas fields.

Explanation: Natural resources can be defined as any source of wealth that occurs naturally, especially minerals, fossil fuels, timber, etc.

They exist without any actions of humankind. Although humans process most of them for Economic gain.