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1.Describe the accounting for intangible assets, including their acquisition, cost allocation, and accounts involved. 2.Describe the accounting for natural resources, including their acquisition, cost allocation,
1.Describe the accounting for intangible assets, including their acquisition, cost allocation, and accounts involved.
2.Describe the accounting for natural resources, including their acquisition, cost allocation, and account titles.
3.Explain the difference between revenue expenditures and capital expenditures and how they are recorded in the accounting system.
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