Final answer:
The methods for deducting the cost of tangible personal and real property, intangible assets, and natural resources over time are depreciation, amortization, and depletion respectively. The correct answer is (a) Depletion; Amortization; Depreciation.
Step-by-step explanation:
The method of deducting the cost of tangible personal and real property over its useful life is known as depreciation. The method of deducting the cost of intangible assets over a specific time is amortization. The method of deducting the cost of natural resources over time is called depletion. Therefore, the correct answer is (a) Depletion; Amortization; Depreciation.
When it comes to tangible assets such as collectibles like paintings, fine wine, jewelry, antiques, or baseball cards, they can provide returns by offering both services (such as aesthetic pleasure or enjoyment) and through potential increases in their selling price over time. While it's possible for their prices to increase sharply during certain periods, it is generally not advisable to expect a sustained higher-than-average rate of return from such investments.