Final answer:
Natural resources are typically classified on the balance sheet under Property, Plant, and Equipment as they are tangible assets used in production and their value can be depreciated over time.
Step-by-step explanation:
Natural resources are generally shown on the balance sheet under Property, Plant, and Equipment. In the context of accounting, natural resources like land, oil reserves, minerals, etc., are considered tangible assets that have value and can be used in the production of goods and services. Their value can be depreciated over time as they are consumed or used in operations, paralleling the treatment of other forms of property, plant, and equipment (PP&E) on the balance sheet.