If a Natural Resource Is Extracted and Not Sold,which of the Following

question 55

Multiple Choice

If a natural resource is extracted and not sold,which of the following accounts are debited and credited?

• A)debit Depletion Expense and credit Accumulated Depletion
• B)debit Cost of Goods Sold and credit Inventory
• C)debit Accumulated Depletion and credit Natural Resource
• D)debit Inventory and credit Natural Resource