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5 Written questions

5 Matching questions

  1. capitalized interest
  2. tangible assets
  3. copyright
  4. goodwill
  5. licenses and operating rights
  1. a obtained through agreements with governmental units or agencies, permit owners to use public property in performing their services
  2. b exclusive right to publish, use and sell a literary, musical or artistic work
  3. c have a physical substance
  4. d excess of the purchase price of a business over the fair value of the business's assets and liabilities
  5. e refers to interest expenditures included in the cost of a self-constructed asset

5 Multiple choice questions

  1. estimated amount to be recovered by the company at the end of the asset's estimate useful life
  2. costs for computer and web development
  3. method that allocates the cost of an asset in equal periodic amounts over its useful life
  4. expenditures for normal operating upkeep of long-lived assets
  5. excess of the purchase price of a business over the fair value of the business's assets and liabilities 2

5 True/False questions

  1. salvage valueestimated amount to be recovered by the company at the end of the asset's estimate useful life 2

          

  2. revenue expendituresmaintain the productive capacity of the asset during the current accounting period only and are recorded as expenses

          

  3. declining-balance depreciationthis method allocates the cost of an asset over its useful life based on a multiple of the straight-line rate

          

  4. estimated useful lifeestimated amount to be recovered by the company at the end of the asset's estimate useful life 2

          

  5. additions and improvementshave special rights but not physical substance

          

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