M9-1 (Static) Classifying Long-Lived Assets and Related Cost Allocation Concepts [LO 9-1, LO 9-3, LO 9. 6] Required: For each of the following long-lived assets, select its nature and related cost allocation concept. M9-3 (Static) Deciding Whether to Capitalize or Expense [LO 9-2, LO 9-6] Required: For each of the following items, select whether the cost should be capitalized or expensed