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5 Written questions

5 Matching questions

  1. Copyright
  2. Salvage value
  3. Patent
  4. Goodwill
  5. Capital expenditures
  1. a An estimate of an asset's value at the end of its useful life
  2. b The value of all favorable attributes that relate to a business enterprise.
  3. c 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.
  4. d Exclusive grant from the federal government that allows the owner to reproduce and sell an artistic or published work
  5. e Expenditures that increase a company's investment in productive facilities.

5 Multiple choice questions

  1. Expenditures to maintain the operating efficiency and productive life of a unit.
  2. Assets that consist of standing timber and underground deposits of oil,gas, or minerals
  3. A measure of how efficienly a company uses its assets to generate sales; calculated as net sales divided by average total assets
  4. 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. A contractual arrangement under which the franchisor grants the franshisee the right to sell certain products, provide specific services, or use certain trademarks or trade names, usually within a designated geographic area.

5 True/False questions

  1. trademarkAn 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.

          

  2. Intangible assetTangible resources that are used in the operations of the business and are not intended for sale to customers.

          

  3. Depreciable costThe cost of a plant asset minus salvage value

          

  4. Plant assetsOperating rights to use public property, granted to a business enterprise by a governmental agency.

          

  5. R and D CostsTangible resources that are used in the operations of the business and are not intended for sale to customers.

          

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