Final answer:
The entry to record the depletion of natural resources extracted causes a decrease in the value of the natural resources and an increase in the depletion expense.
Step-by-step explanation:
The entry to record the depletion of natural resources extracted causes a(n) decrease in the value of the natural resources and an increase in the depletion expense.
When natural resources are extracted, they lose value as they are consumed. This decrease in value is recorded as a debit to the Depletion Expense account, which represents the cost of using up the natural resources. At the same time, the value of the natural resources is reduced, and this decrease is recorded as a credit to the Natural Resource account.
For example, if a mining company extracts $100,000 worth of ore from a mine, the Depletion Expense account will be debited for $100,000, and the Natural Resource account will be credited for $100,000, reducing its value.