Use the Following Code to Identify the Expense Associated with Each

Short Answer

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.Land
______ 2.Patent
______ 3.Oil reserves
______ 4.Lumber
______ 5.Franchise
______ 6.Equipment
______ 7.Inventory
______ 8.Computers
______ 9.Office supplies
______ 10.Office furniture