For Each of the Following, Identify in Column 1 the Category

question 33

Essay

For each of the following, identify in column 1 the category to which the account belongs, in column 2 the normal balance for the account, in column 3 the financial statement that the account in which the account balance is reported, and in column 4 the account's nature (permanent/temporary).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column } 1 & \text { Column } 2 & \text { Column } 3 & \text { Column } 4 \\\hline \begin{array} { l } \text { Depletion of coal } \\\text { mine }\end{array} & & & \\\hline\end{array}$$

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Definitions:

Owning Property

Pertains to the legal right or interest that an individual or entity has in possessing, using, and managing a tangible or intangible item.

Rhode Island

The smallest state by area in the United States, located in the New England region, known for its sandy shores and maritime history.

Mass Production

The manufacture of large quantities of standardized products, often on assembly lines, which significantly reduces the production cost per unit.