NAME

Question types


Start with


Question limit

of 26 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. Depletion
  2. Salvage value
  3. Amortization
  4. Plant assets
  5. Straight-line method
  1. a The allocation of the cost of an intangible asset to expense over its useful life in a systematic and rational matter
  2. b An estimate of an asset's value at the end of its useful life
  3. c The allocation of the cost of a natural resource to expense over its useful life in a rational and systematic manner
  4. d Depreciation method in which periodic depreciation is the same for each year og the asset's useful life.
  5. e Tangible resources that are used in the operations of the business and are not intended for sale to customers.

5 Multiple choice questions

  1. 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
  2. The cost of a plant asset minus salvage value
  3. Depreciation method that produces higher depreciation expense in the early years rather than in the later years
  4. Costs incurred to increase the operating efficiency, productive efficiency, or useful life of a plant asset
  5. Expenditures that increase a company's investment in productive facilities.

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. Natural ResourcesExpenditures that increase a company's investment in productive facilities.

          

  3. Asset turnover ratioThe allocation of the cost of an intangible asset to expense over its useful life in a systematic and rational matter

          

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

          

  5. CopyrightExclusive grant from the federal government that allows the owner to reproduce and sell an artistic or published work