5 Written questions
5 Matching questions
- Intangible asset
- Units-of-activity method
- Capital expenditures
- Plant assets
- a Depreciation method in which useful life is expressed in terms of the total units of production or use expected from an asset
- b Tangible resources that are used in the operations of the business and are not intended for sale to customers.
- c The value of all favorable attributes that relate to a business enterprise.
- d Expenditures that increase a company's investment in productive facilities.
- 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
- States that the company will continue in operation for the forseeable future
- 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.
- Exclusive grant from the federal government that allows the owner to reproduce and sell an artistic or published work
- Depreciation method in which periodic depreciation is the same for each year og the asset's useful life.
- 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
Amortization → The allocation of the cost of an intangible asset to expense over its useful life in a systematic and rational matter
R and D Costs → Expenditures that may lead to patents, copyrights, new processes, or a new products.
Salvage value → Tangible resources that are used in the operations of the business and are not intended for sale to customers.
Accelerated-depreciation method → Depreciation method that produces higher depreciation expense in the early years rather than in the later years
Revenue expenditures → Expenditures that increase a company's investment in productive facilities.