Which of the following statements are true regarding account

Which of the following statements are true regarding accounting for natural resources? (check all that apply)

A. The acquisition of a coal mine for $5 million is recorded as a $5 million expense on the income statement in the year of acquisition

B. Natural resources are expensed through the processes of depletion

C. Natural resources are expensed through a units-of-production method

D. Examples of natural resources include coal, diamonds, oil, and timber

Natural resources are expensed according to the depletion method

Depletion process includes the allocation of cost according to the period in which they are consumed

So correct answer is B