Question: Micro-Technologies Inc., a computer manufacturer, has the following items on its balance sheetoffice furniture delivery truck, patent, computer assembly machine, building, memory chips. Required: Indicate

Micro-Technologies Inc., a computer manufacturer, has the following items on its balance sheet—office furniture delivery truck, patent, computer assembly machine, building, memory chips.

Required:
Indicate the proper balance sheet classification of each item and the cost allocation process used (depreciation, amortization, depletion).

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