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Listed Below Are Items That May Appear On A Classified
Listed Below Are Items That May Appear On A Classified
Listed below are items that may appear on a classified balance sheet.
1. Land
3. Office building
4. Truck
7. Patent
8. Timberland
10. Goodwill
Required:
Indicate whether each item is included as an operating asset on a classified balance sheet. If
the item is an operating asset, indicate whether the item is property, plant, and equipment, an
intangible asset, or a natural resource as well as the cost allocation process used (depreciation,
amortization, or depletion). If the item is not an operating asset, indicate the proper balance
sheet classification.