For each of the following long-lived assets, indicate its nature and the related cost allocation concept. Use
Question:
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
OOther
Transcribed Image Text:
Cost Cost Allocation Asset Nature Allocation Asset Nature (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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