classifying long lived assets and related cost allocation concepts ndash for each of 558534

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

Asset

Nature

Cost Allocation

(1) Tractors

(6) Operating license

(2) Land in use

(7) Production plant

(3) Timber tract

(8) Trademark

(4) Warehouse

(9) Silver mine

(5) New engine for old

machine

(10) Land held for sale

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