Question: For each assertion about long-lived assets listed below, give an example of a test of transactions for both (1) tangible assets and (2) intangible assets.

For each assertion about long-lived assets listed below, give an example of a test of transactions for both (1) tangible assets and (2) intangible assets. ( there should be eight tests listed)

1. Classification

2. Occurance

3. Authorization

4. Completness

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