Match the terms with the definitions.
-Depreciation methods that provide for a higher depreciation charge in the first year of an asset's life and gradually decreasing charges in subsequent years.
A)Accelerated Cost Recovery System (ACRS)
B)accelerated depreciation methods
C)amortization
D)trademark
E)cash equivalent price
F)long-term assets
G)copyright
H)cost
I)patent
J)depreciable cost (base)
K)depreciation
L)physical depreciation
M)tangible assets
N)sum-of-the-years'-digits method
O)salvage value
P)property, plant, and equipment

Question

Quizplus · Accepted Answer

Accelerated depreciation methods provide for a higher depreciation charge in the first year of the asset's life and gradually decreasing charges in subsequent years. Examples of accelerated depreciation methods include the double declining balance method and the sum-of-the-years'-digits method.

Match the Terms with the Definitions