Depletion expense is recorded for natural resources that a business uses in its operations. If a company uses/mines 10% of its natural resources and the total cost of those resources was $1,000,000, how would the company reflect this on its financial statements?

Group of answer choices

A) Depreciation Expense of $100,000 and a direct reduction to the natural resources asset account of $100,000

B) Depletion Expense of $100,000 and Accumulated Depletion of $100,000

C) Depreciation Expense of $100,000 and Accumulated Depreciation of $100,000

D) Depletion Expense of $100,000 and a direct reduction to the natural resources asset account of $100,000