Depreciation and amortization will total 120 . Of that, 10 is for the intangible development cost asset and the rest is for property, plant and equipment. (3 points)

Depreciation and amortization are key concepts in accounting that help allocate the cost of tangible and intangible assets over their useful lives. While depreciation applies to physical assets like machinery and buildings, amortization is utilized for intangible assets, such as patents and development costs. In your example, the total of 120 signifies the expenses recognized over the period, with 10 designated for the intangible development cost asset, highlighting the importance of these expenses in reflecting the true value of an organization's resources. In practice, understanding the breakdown of these expenses is crucial for accurate financial reporting and analysis. For instance, knowing that 110 is tied to property, plant, and equipment allows stakeholders to gauge the wear and tear on physical assets. Furthermore, companies can make informed decisions on future investments and maintenance based on these figures, ensuring they remain competitive and financially sound in their operations.