K Indicate whether each of the following items is property, plant, and equipment (write “PPE”), a natural resource (“NR”), or an intangible asset (“I”). If the item does not fit any of these categories, write “NA” (not applicable) in the space provided.

Identify and classify long-lived assets.

1. ________ Building
2. ________ Cost of goods sold
3. ________ Franchise
4. ________ Diamond mine
5. ________ Inventory
6. ________ Land
7. ________ Mining equipment
8. ________ Note receivable, due in three years
9. ________ Parking lot
10. ________ Patent
11. ________ Research costs
12. ________ Trademark

Answer rating: 100% (QA)

Answer The answer to the above question is as follows 1 Building PPE Building is a part of ... View the full answer