Capital assets can be classified as tangible or intangible assets and generally benefit a number of accounting periods. Identify the different processes used to allocate the cost of each of those types of long-term assets over the periods that they benefit. Match each process with the type of asset it relates to and explain how the process is implemented.

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The Answer of Capital assets can be classified as tangible or intangible assets and generally benefit a number of accounting periods. Identify the different processes used to allocate the cost of each of those types of long-term assets over the periods that they benefit. Match each process with the type of asset it relates to and explain how the process is implemented.

Capital Assets Can Be Classified as Tangible or Intangible Assets