Listed Below Are Various Methods of Allocating the Cost of Certain

Essay

Listed below are various methods of allocating the cost of certain capital assets over their useful lives, each followed by a descriptive statement. Match the methods to the statements by placing the appropriate letter in the space provided. METHODS
A. Capitalized and depreciated/amortized/depleted
B. Capitalized
C. Evaluated for impairment
D. Expensed
E. None of these methods $$\begin{array} { | l | l | } \hline & \text { 1.Purchased patent } \\\hline & \text { 2.Basket purchase of two commercial buildings } \\\hline & \text { 3.Advertising costs } \\\hline & \text { 4.Intangible assets with indefinite live } \\\hline & \text { 5.Legal costs incurred to defend a copyright from infringement } \\\hline & \text { 6.Research costs incurred internally } \\\hline & \text { 7.Cost of timberland } \\\hline & \text { 8.Five-acre parcel of land where a firm's headquarters is located } \\\hline & \text { 9.Purchased drilling equipment } \\\hline & \text { 10.Goodwill acquired in a business combination } \\\hline & \text { 11.Interest on self-constructed assets } \\\hline & \text { 12.Development costs for a proven new product } \\\hline\end{array}$$