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5 Written questions

5 Matching questions

  1. R and D Costs
  2. Plant assets
  3. Franchise
  4. Salvage value
  5. Ordinary repairs
  1. a 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.
  2. b Expenditures that may lead to patents, copyrights, new processes, or a new products.
  3. c Tangible resources that are used in the operations of the business and are not intended for sale to customers.
  4. d Expenditures to maintain the operating efficiency and productive life of a unit.
  5. e An estimate of an asset's value at the end of its useful life

5 Multiple choice questions

  1. Assets that consist of standing timber and underground deposits of oil,gas, or minerals
  2. 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.
  3. Operating rights to use public property, granted to a business enterprise by a governmental agency.
  4. Exclusive grant from the federal government that allows the owner to reproduce and sell an artistic or published work
  5. An estimate of the expected productive life, also called service life, of an asset

5 True/False questions

  1. trademarkA word,phrase,jingle, or symbol that identifies a particular enterprise or product.

          

  2. Declining-balance methodDepreciation 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

          

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

          

  4. Capital expendituresExpenditures that increase a company's investment in productive facilities.

          

  5. Straight-line methodDepreciation method in which periodic depreciation is the same for each year og the asset's useful life.