Multiple Choice
Match the terms with the definitions.
-Long-term tangible assets that are used in the operations of the business.
A) Accelerated Cost Recovery System (ACRS)
B) accelerated depreciation methods
C) amortization
D) trademark
E) cash equivalent price
F) long-term assets
G) copyright
H) cost
I) patent
J) depreciable cost (base)
K) depreciation
L) physical depreciation
M) tangible assets
N) sum-of-the-years'-digits method
O) salvage value
P) property, plant, and equipment
Correct Answer:

Verified
Correct Answer:
Verified
Q23: The depreciation method that estimates the number
Q24: The depreciation method using a fixed rate
Q25: All costs incurred to purchase land and
Q26: If there is an improvement to a
Q27: An asset purchased on or before the
Q29: If an asset is being sold or
Q30: The consumption or exhaustion of wasting assets
Q31: Match the terms with the definitions.<br>-Depreciation methods
Q32: Match the terms with the definitions.<br>-A depreciation
Q33: For plant assets acquired after 1986, either