Match the items below by entering the appropriate code letter in the space provided.
A. Gain on disposal
B. Loss on disposal
C. Trademark
D. Depletion
E. Useful life
F. Asset turnover
G. Goodwill
G. Goodwill
H. Amortization
I. Intangible asset
J. Research and development costs
1. Process of allocating the cost of an intangible asset to expense over its useful life.
2. Is only recorded when an exchange has commercial substance.
3. Examples are franchises and licenses.
4. The allocation of the cost of a natural resource to expense over its useful life.
5. Can be identified only with a business as a whole.
6. A symbol that identifies a particular enterprise or product.
7. When book value of asset is greater than the proceeds received from its sale.
8. Must be expensed when incurred.
9. Indicates how efficiently a company is able to generate sales with its assets.
10. An estimate of the expected productive life of an asset.

Question

Match the items below by entering the appropriate code letter in the space provided.
A. Gain on disposal 
B. Loss on disposal 
C. Trademark 
D. Depletion 
E. Useful life
F. Asset turnover
G. Goodwill
G. Goodwill
H. Amortization
I. Intangible asset
 J. Research and development costs
1. Process of allocating the cost of an intangible asset to expense over its useful life.
2. Is only recorded when an exchange has commercial substance.
3. Examples are franchises and licenses.
4. The allocation of the cost of a natural resource to expense over its useful life.
5. Can be identified only with a business as a whole.
6. A symbol that identifies a particular enterprise or product.
7. When book value of asset is greater than the proceeds received from its sale.
8. Must be expensed when incurred.
9. Indicates how efficiently a company is able to generate sales with its assets.
10. An estimate of the expected productive life of an asset.

Quizplus · Accepted Answer

The Answer of Match the items below by entering the appropriate code letter in the space provided.
A. Gain on disposal 
B. Loss on disposal 
C. Trademark 
D. Depletion 
E. Useful life
F. Asset turnover
G. Goodwill
G. Goodwill
H. Amortization
I. Intangible asset
 J. Research and development costs
1. Process of allocating the cost of an intangible asset to expense over its useful life.
2. Is only recorded when an exchange has commercial substance.
3. Examples are franchises and licenses.
4. The allocation of the cost of a natural resource to expense over its useful life.
5. Can be identified only with a business as a whole.
6. A symbol that identifies a particular enterprise or product.
7. When book value of asset is greater than the proceeds received from its sale.
8. Must be expensed when incurred.
9. Indicates how efficiently a company is able to generate sales with its assets.
10. An estimate of the expected productive life of an asset.

Match the Items Below by Entering the Appropriate Code Letter