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M9-1 Classifying Long-Lived Assets and Related Cost Allocation Concepts [LO 9-1, LO 9-3, LO 9-6] For each of the following long-lived assets, select its nature

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M9-1 Classifying Long-Lived Assets and Related Cost Allocation Concepts [LO 9-1, LO 9-3, LO 9-6] For each of the following long-lived assets, select its nature and related cost allocation concept. Asset Nature Cost Allocation 1. Property 2. Delivery vans 3. Warehouse 4. Trademark 5. New engine 6. Franchise 7. Software license 8. Computers 9. Production plant

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