Matching
Match each definition with its term
Premises:
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
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
An exclusive right granted to its owner to manufacture and sell an item or to use a process, for 20 years
Assets that increase the benefits of land, have a limited useful life and are subject to 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
The process of allocating the cost of an intangible asset to expense over its estimated useful life
An estimate of an asset's value at the end its benefit period
The total cost of a plant asset less its accumulated depreciation
The insufficient capacity of plant assets to meet the company's productive demands
Responses:
Salvage value
Extraordinary repairs
Amortization
Copyright
Obsolescence
Book value
Depletion
Patent
Inadequacy
Land improvements
Correct Answer:
Premises:
Responses:
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
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
An exclusive right granted to its owner to manufacture and sell an item or to use a process, for 20 years
Assets that increase the benefits of land, have a limited useful life and are subject to 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
The process of allocating the cost of an intangible asset to expense over its estimated useful life
An estimate of an asset's value at the end its benefit period
The total cost of a plant asset less its accumulated depreciation
The insufficient capacity of plant assets to meet the company's productive demands
Premises:
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
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
An exclusive right granted to its owner to manufacture and sell an item or to use a process, for 20 years
Assets that increase the benefits of land, have a limited useful life and are subject to 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
The process of allocating the cost of an intangible asset to expense over its estimated useful life
An estimate of an asset's value at the end its benefit period
The total cost of a plant asset less its accumulated depreciation
The insufficient capacity of plant assets to meet the company's productive demands
Responses:
Related Questions
Q199: _ are additional costs of plant assets
Q200: The process of allocating the cost of
Q201: _ is the process of systematically allocating
Q201: _ are revenue expenditures to keep an
Q203: _ are capital expenditures that make a
Q204: The three usual means for disposal of
Q205: _ are expenditures that extend an asset's
Q209: Match each of the following terms with
Q210: Match each of the following terms with
Q212: Match each definition with its term
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents