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For each of the following long-lived assets, select its nature and the related cost allocation concept. Nature Cost Allocation Concept Asset (1) Tractors (2) Land

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For each of the following long-lived assets, select its nature and the related cost allocation concept. Nature Cost Allocation Concept Asset (1) Tractors (2) Land in use (3) Timber tract (4) Warehouse (5) New engine for old machine (6) Copyright (7) Production plant (8) Patent (9) Silver mine

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