x
Info
x
Warning
x
Danger
 / 
 / 
 / 
149.Choose the letter of the appropriate definition to match the

Question : 149.Choose the letter of the appropriate definition to match the : 1360526

 

149.Choose the letter of the appropriate definition to match the term. Not all definitions will be used.

Term

_____ Amortization

_____ Useful life

_____ Licensing right

_____ Least and latest rule

_____ Component allocation

_____ Fixed asset turnover ratio

_____ Depreciable cost

_____ Copyright

_____ Depreciation schedule

_____ Revenue expenditures

Definition

A. Allocating the cost of tangible assets over their limited useful life.

B. Costs that are recorded as revenues.

C. Asset cost minus residual value.

D. Net income divided by average total assets.

E. Allocating the cost of intangible assets over their limited useful life.

F. Asset cost minus accumulated depreciation.

G. Costs that are expensed in the period incurred.

H. Grants the exclusive right to sell or use a creative work.

I. A cumulative record of depreciation expense, accumulated depreciation and book value.

J. An estimate of low long a company will use a particular asset.

K. Net sales revenue divided by average net fixed assets.

L. The principle that companies wish to pay the lowest possible tax at the last possible time.

M. A contractual agreement that allows limited permission for use of a property.

N. An estimate of how long a tangible asset will last before it physically wears out.

O. The method whereby different parts of an asset may be depreciated over different useful lives under IFRS.

 

 

Solution
5 (1 Ratings )

Solved
Ethics 5 Days Ago 108 Views
This Question has Been Answered!
Unlimited Access Free
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
5769 Ethics Questions Answered!
Post a Question