9 3 points The cost of long-term assets is expensed as the asset is used. The expense account associated with each type of long-term asset is: EXPENSE Depreciation Expense Amortization Expense Depletion Expense LONG-TERM ASSET Goodwill, Trademarks, Copyrights Equipment Buildings, Vehicles Mineral Deposits, Timber, Oil LONG-TERM ASSET EXPENSE Goodwill, Trademarks, Depletion Expense Copyrights Equipment Buildings, Vehicles Depreciation Expense Mineral Deposits, Timber, Oil Amortization Expense EXPENSE Amortization Expense Depreciation Expense Depletion Expense LONG-TERM ASSET Goodwill, Trademarks, Copyrights Equipment Buildings, Vehicles Mineral Deposits, Timber, Oil LONG-TERM ASSET EXPENSE Goodwill, Trademarks, Copyrights Amortization Expense Equipment, Buildings, Vehicles Depletion Expense Mineral Deposits, Timber Oil Depreciation Expense