Statement of Financial Position Classification} Micro-Technologies Inc., a computer manufacturer, has the following items on its statement

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Statement of Financial Position Classification}

Micro-Technologies Inc., a computer manufacturer, has the following items on its statement of financial position-office furniture, delivery truck, patent, computer assembly machine, building, memory chips.

\section*{Required:}

Indicate the proper statement of financial position classification of each item and the cost allocation process used (depreciation, amortization, depletion).

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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