Balance Sheet Presentation Listed below are items that may appear on a classified balance sheet. 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. Balance Sheet Classification 1. Land Included as property, plant and equipment Cost Allocation Process Used Not amortized, depreciated, nor depleted Not amortized, depreciated, nor depleted Not included (current asset) 2. Amounts due from customers 3. Office building Included as property, plant and equipment Depreciation Included as property, plant and equipment Depreciation 4. Truck