Final answer:
Wasting assets are the class that becomes valueless once their yield is depleted, unlike other asset classes such as fixed assets, current assets, or fictitious assets. These include depletable resources such as oil or minerals. Hence, option (D) is correct.
Step-by-step explanation:
The asset class that includes assets which have only definite use and become valueless when the yield is over is known as Wasting assets. These could range from natural resources like oil and gas reserves to other depletable assets that decrease in value over time as they are consumed or used up.
Unlike fixed assets, current assets, or fictitious assets, wasting assets are expected to decline in value as their ability to generate income diminishes. Tangible assets like a house, land, or collectibles can often be sold for a potential profit in the future, but they are not categorized as wasting assets because they do not necessarily diminish in productivity or deplete as a function of use.