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5 Written questions

5 Matching questions

  1. technology
  2. copyright
  3. patent
  4. residual value
  5. carrying value
  1. a costs for computer and web development
  2. b estimated amount to be recovered by the company at the end of the asset's estimate useful life
  3. c exclusive right to publish, use and sell a literary, musical or artistic work
  4. d granted by the federal government for an invention, exclusive right is given to the owner to use it
  5. e acquisition cost of an asset less accumulated depreciation 2

5 Multiple choice questions

  1. acquisition cost of an asset less accumulated depreciation
  2. a method that allocates the cost of an asset over its useful life based on the relation of its periodic output to its total estimate output
  3. systematic and rational allocation of the cost of a natural resource over the period of its exploitation
  4. exclusive legal right to use a special name, image or slogan
  5. have a physical substance

5 True/False questions

  1. licenses and operating rightsobtained through agreements with governmental units or agencies, permit owners to use public property in performing their services

          

  2. estimated useful lifeexpected service life of an asset to the present owner

          

  3. fixed assetstangible and intangible resources owned by a business and used in its operations over several years

          

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

          

  5. acquisition costsystematic and rational allocation of the acquisition cost of an intangible asset over its useful life

          

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