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Which of the following would not be classified as property, plant and equipment on a balance sheet?A. Land held for investment.B. Equipment used in the manufacturing process.C. A building used as corporate headquarters.D. A natural resource being mined.

Respuesta :

Answer:

D. A natural resource being mined.

Explanation:

The total assets comprise of current assets, fixed assets, intangible assets, and the wasting assets

The current assets include cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

The intangible assets include patents, copyrights, goodwill, etc.  

And, the wasting asset which comprises of natural resources like - oil, coal, etc. in which the depletion method is used instead of the depreciation method.