Essay
Choose the letter to of the appropriate definition to match each term.Not all definitions will be used.
Term
1._____ Accelerated depreciation
2._____ Goodwill
3._____ Patent
4._____ EBITDA
5._____ Net book value
6._____ Fixed assets
7._____ Straight-line depreciation
8._____ Residual value
9._____ Trademark
Definition
A.Names or images that appear with a ® or TM.
B.A tax law dealing with how companies can depreciate their assets.
C.An intangible asset that represents the value of unidentifiable assets acquired.
D.Assets whose values do not change over time.
E.When a company expenses the cost of a long-lived asset by a constant annual amount.
F.The acquisition cost of an asset minus its accumulated depreciation.
G.The estimated total use a company expects to receive from an asset.
H.Net income plus interest,taxes,depreciation and amortization expenses.
I.What a company expects to receive when an asset is disposed of at the end of its useful life.
J.When a company expenses the entire cost of a long-lived asset in the first year of use.
K.Tangible long-lived assets.
L.When a company receives free publicity in return for charitable contributions.
M.When a company allocates the cost of a long-lived asset at a higher rate in the first years of use.
N.The exclusive right to sell or use a product or process that is granted to encourage innovation.
Correct Answer:

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1.M
2.C
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Correct Answer:
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2.C
3....
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