Question: Please answer all the questions in your own words it doesn't have to be long. just answer the questions and plz answer all the questions

Please answer all the questions in your own words it doesn't have to be long. just answer the questions and plz answer all the questions its part of one question. I just broke it down so it's easier for you guys to answer.

1. What is a fixed asset?

2. What costs can be included in order to place a fixed asset in use?

3. What is depreciation and how is it allocated (from a financial perspective)?

4. What are intangible assets? Are they accounted for in the same manner as fixed assets?

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