What are the three major types of long-term assets that require periodic write-off? Present examples of each, and indicate for each type of asset the term that denotes the periodic write-off to expense. Q2. In what way is land different from other plant assets? Q10. Identify two types of revenue expenditures. What is the proper accounting for revenue expenditures? Q11. Identify two types of capital expenditures. What is the proper accounting for capital expenditures.

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