Matching
Match each of the following terms with the appropriate definitions.
Premises:
The insufficient capacity of plant assets to meet the company's productive demands.
Assets that increase the benefits of land, have a limited useful life and are subject to depreciation.
A condition which, because of new inventions and improvements, a plant asset is no longer useful in producing goods or services with a competitive advantage.
An estimate of an asset's value at the end its benefit period.
Major repairs that extend the useful life of a plant asset beyond its original estimate.
The process of allocating the cost of natural resources to the periods when they are consumed.
The process of allocating the cost of an intangible asset to expense over its estimated useful life.
An exclusive right granted to its owner to manufacture and sell an item or to use a process, for 20 years.
The total cost of a plant asset less its accumulated depreciation.
A right granted that gives its owner the exclusive privilege to publish and sell musical, literary or artistic work during the life of the creator plus 50 years.
Responses:
Copyright
Patent.
Extraordinary repairs
Land improvements
Amortization
Obsolescence
Salvage value
Book value
Inadequacy
Depletion
Correct Answer:
Premises:
Responses:
The insufficient capacity of plant assets to meet the company's productive demands.
Assets that increase the benefits of land, have a limited useful life and are subject to depreciation.
A condition which, because of new inventions and improvements, a plant asset is no longer useful in producing goods or services with a competitive advantage.
An estimate of an asset's value at the end its benefit period.
Major repairs that extend the useful life of a plant asset beyond its original estimate.
The process of allocating the cost of natural resources to the periods when they are consumed.
The process of allocating the cost of an intangible asset to expense over its estimated useful life.
An exclusive right granted to its owner to manufacture and sell an item or to use a process, for 20 years.
The total cost of a plant asset less its accumulated depreciation.
A right granted that gives its owner the exclusive privilege to publish and sell musical, literary or artistic work during the life of the creator plus 50 years.
Premises:
The insufficient capacity of plant assets to meet the company's productive demands.
Assets that increase the benefits of land, have a limited useful life and are subject to depreciation.
A condition which, because of new inventions and improvements, a plant asset is no longer useful in producing goods or services with a competitive advantage.
An estimate of an asset's value at the end its benefit period.
Major repairs that extend the useful life of a plant asset beyond its original estimate.
The process of allocating the cost of natural resources to the periods when they are consumed.
The process of allocating the cost of an intangible asset to expense over its estimated useful life.
An exclusive right granted to its owner to manufacture and sell an item or to use a process, for 20 years.
The total cost of a plant asset less its accumulated depreciation.
A right granted that gives its owner the exclusive privilege to publish and sell musical, literary or artistic work during the life of the creator plus 50 years.
Responses:
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