Indicate whether each of the following actions is primarily related to

(a) acquisition of long-term assets,

(b) financing of long-term assets, or

(c) choosing methods and estimates related to long-term assets:

1 . Deciding to use the production method of depreciation 2. Allocating costs on a group purchase 3. Determining the total units a machine will produce 4. Deciding to borrow funds to purchase equipment 5. Estimating the savings a new machine will produce and comparing the amount to cost 6. Deciding whether to rent or buy a piece of equipment.Lo1