Classifying Long-Lived Assets and Related Cost Allocation Concepts
For each of the following long-lived assets, indicate its nature and the related cost allocation concept. Use the following symbols:
| Nature |
| Cost Allocation Concept |
L | Land | DR | Depreciation |
B | Building | DP | Depletion |
E | Equipment | A | Amortization |
NR | Natural resource | NO | No cost allocation |
I | Intangible | O | Other |
O | Other |
|
|
Asset | Nature | Cost Allocation |
(1) Tractors | ______ | ______ |
(2) Land in use | ______ | ______ |
(3) Timber tract | ______ | ______ |
(4) Warehouse | ______ | ______ |
(5) New engine for old machine | ______ | ______ |
(6) Operating license | ______ | ______ |
(7) Production plant | ______ | ______ |
(8) Trademark | ______ | ______ |
(9) Silver mine | ______ | ______ |
(10) Land held for sale | ______ | ______ |
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