Matching
Match the following terms with the descriptions and definitions below.
Premises:
An intangible asset representing the value assigned to a purchased company's ability to generate an above-average return on invested capital.
An intangible assets that gives its owner exclusive legal rights to a product or process.
An intangible asset representing the exclusive right to operate or sell a brand name product in a specified territory.
An intangible asset representing the amounts paid by a lessee to make physical improvements that are an integral part of leased property.
An intangible asset that gives its owner the exclusive legal right to the reproduction and sale of a literary or artistic work.
An expenditure that improves the productive capacity of an asset or extends its useful life.
Nonrenewable assets such as coal deposits.
Tangible assets that make up the company's operating infrastructure.
An intangible asset that gives its owners the exclusive right to use of a sign or label that identifies its product or company.
To classify the cost of an expenditure as an asset.
An intangible asset conveyed by a lease to use equipment, land, and /or building for a specified period of time.
Responses:
Leasehold
Copyright
Capitalize
Trademark
Patent
Plant asset
Goodwill
Extraordinary repairs and betterments
Natural resources
Leasehold improvement
Franchise
Correct Answer:
Premises:
Responses:
An intangible asset representing the value assigned to a purchased company's ability to generate an above-average return on invested capital.
An intangible assets that gives its owner exclusive legal rights to a product or process.
An intangible asset representing the exclusive right to operate or sell a brand name product in a specified territory.
An intangible asset representing the amounts paid by a lessee to make physical improvements that are an integral part of leased property.
An intangible asset that gives its owner the exclusive legal right to the reproduction and sale of a literary or artistic work.
An expenditure that improves the productive capacity of an asset or extends its useful life.
Nonrenewable assets such as coal deposits.
Tangible assets that make up the company's operating infrastructure.
An intangible asset that gives its owners the exclusive right to use of a sign or label that identifies its product or company.
To classify the cost of an expenditure as an asset.
An intangible asset conveyed by a lease to use equipment, land, and /or building for a specified period of time.
Premises:
An intangible asset representing the value assigned to a purchased company's ability to generate an above-average return on invested capital.
An intangible assets that gives its owner exclusive legal rights to a product or process.
An intangible asset representing the exclusive right to operate or sell a brand name product in a specified territory.
An intangible asset representing the amounts paid by a lessee to make physical improvements that are an integral part of leased property.
An intangible asset that gives its owner the exclusive legal right to the reproduction and sale of a literary or artistic work.
An expenditure that improves the productive capacity of an asset or extends its useful life.
Nonrenewable assets such as coal deposits.
Tangible assets that make up the company's operating infrastructure.
An intangible asset that gives its owners the exclusive right to use of a sign or label that identifies its product or company.
To classify the cost of an expenditure as an asset.
An intangible asset conveyed by a lease to use equipment, land, and /or building for a specified period of time.
Responses:
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