Use the following code to identify the expense associated with each of the assets listed below:
A = Depreciation expense
B = Depletion expense
C = Amortization expense
D = None of the above
______ 1.Accounts payable
______ 2.Minerals
______ 3.Factory
______ 4.Trucks
______ 5.Factory supplies
______ 6.Trademark
______ 7.Natural gas reserves
______ 8.Factory machinery
______ 9.License rights
______ 10.Land
Correct Answer:
Verified
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