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5 Written questions

5 Matching questions

  1. Intangible asset
  2. Goodwill
  3. Units-of-activity method
  4. Capital expenditures
  5. Plant assets
  1. a Depreciation method in which useful life is expressed in terms of the total units of production or use expected from an asset
  2. b Tangible resources that are used in the operations of the business and are not intended for sale to customers.
  3. c The value of all favorable attributes that relate to a business enterprise.
  4. d Expenditures that increase a company's investment in productive facilities.
  5. e Rights, priviliages, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance

5 Multiple choice questions

  1. States that the company will continue in operation for the forseeable future
  2. An exclusive right issued by the U.S Patent Office that enables the recipient to manufacture, sell, or otherwise control an invention for a period of 20 years from the date of the grant.
  3. Exclusive grant from the federal government that allows the owner to reproduce and sell an artistic or published work
  4. Depreciation method in which periodic depreciation is the same for each year og the asset's useful life.
  5. Depreciation method that applies a constant rate to the declining book value of the asset and produces a decreasing annual depreciation expense over the useful life of the asset

5 True/False questions

  1. AmortizationThe allocation of the cost of an intangible asset to expense over its useful life in a systematic and rational matter

          

  2. R and D CostsExpenditures that may lead to patents, copyrights, new processes, or a new products.

          

  3. Salvage valueTangible resources that are used in the operations of the business and are not intended for sale to customers.

          

  4. Accelerated-depreciation methodDepreciation method that produces higher depreciation expense in the early years rather than in the later years

          

  5. Revenue expendituresExpenditures that increase a company's investment in productive facilities.

          

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