NAME

Question Types


Start With


Question Limit

of 30 available terms

Advertisement Upgrade to remove ads

5 Written Questions

5 Matching Questions

  1. goodwill
  2. net book value
  3. patent
  4. depreciation
  5. units-of-production depreciation
  1. a 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
  2. b excess of the purchase price of a business over the fair value of the business's assets and liabilities
  3. c acquisition cost of an asset less accumulated depreciation
  4. d the process of allocating the cost of buildings and equipment over their productive lives using a systematic and rational method
  5. e granted by the federal government for an invention, exclusive right is given to the owner to use it

5 Multiple Choice Questions

  1. expenditures for normal operating upkeep of long-lived assets
  2. have a physical substance 2
  3. method that allocates the cost of an asset in equal periodic amounts over its useful life
  4. obtained through agreements with governmental units or agencies, permit owners to use public property in performing their services
  5. tangible and intangible resources owned by a business and used in its operations over several years

5 True/False Questions

  1. capital expendituresincrease the productive life, operating efficiency, or capacity of the asset and are recorded as increases in asset accounts, not as expenses

          

  2. copyrightexcess of the purchase price of a business over the fair value of the business's assets and liabilities

          

  3. revenue expendituresincrease the productive life, operating efficiency, or capacity of the asset and are recorded as increases in asset accounts, not as expenses

          

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

          

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

          

Create Set