Accounting

Given the many possible asset types and the related possible methods of cost allocation (depreciation, amortization, or depletion), your task for this discussion is to assume you are starting a company and are acquiring various assets.

Briefly describe the companys business activity (i.e., construction, retail, food service, health service, etc.).  Indicate whether the business would be brick & mortar or internet-based.  Be creative in the type of business you want to establish. 

Based on the business you want to start and your personal experience/situation in terms of current or prior work experience:

Describe at least two principle assets one in at least two of three asset classifications (plant asset, intangible asset, and natural resource) that you would need to purchase.
For each asset, describe the classification in which it belongs and the type of cost allocation method you would use.
Briefly explain why you would cost allocate the asset using the methods you describe.

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