Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 33

Following are a number of the key terms and concepts introduced in the chapter, along with a list of corresponding definitions. Match the appropriate letter for the key term or concept to each definition provided (items 1–15). Note that not all key terms and concepts will be used.

a. Capitalize	k. Present value
b. Depletion	l. Discount rate
c. Net book value	m. Annuity
d. Depreciation	n. Intangible asset
e. Units-of-production depreciation	o. Leasehold
f. Straight-line depreciation	p. Patent
g. Declining-balance depreciation	q. Trademark
h. Modified Accelerated Cost Recovery System (MACRS)	r. Goodwill
i. Operating lease	s. Amortization
j. Capital lease	t. Leasehold improvement
	u. Copyright

________ The accounting process recognizing that the cost of a natural resource asset is used up as the natural resource is consumed.

Step 1 of 2

The correct answer is option b.