Matching
For each item listed below, indicate the allocation terminology for the item.
Premises:
Goodwill
Land
Buildings
Patents
Copyrights
Research and development costs
Timberlands
Franchises (indefinite life)
Licenses (limited life)
Land Improvements
Oil Deposits
Equipment
Responses:
Amortization
Depreciation
Depletion
None of these
Correct Answer:
Premises:
Responses:
Goodwill
Land
Buildings
Patents
Copyrights
Research and development costs
Timberlands
Franchises (indefinite life)
Licenses (limited life)
Land Improvements
Oil Deposits
Equipment
Premises:
Goodwill
Land
Buildings
Patents
Copyrights
Research and development costs
Timberlands
Franchises (indefinite life)
Licenses (limited life)
Land Improvements
Oil Deposits
Equipment
Responses:
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