Question: Describe the various time-based and activity-based methods used to allocate costs for property, plant and equipment, natural resources and intangible assets. Include in your response

Describe the various time-based and activity-based methods used to allocate costs for property, plant and equipment, natural resources and intangible assets. Include in your response one difference between the methods and address how cost allocation differs for fixed assets, intangible assets, and natural resources.

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