Match Each Term with the Appropriate Definition

Multiple Choice

Match each term with the appropriate definition.Not all definitions will be used.
-Patent

A) When a company expenses the entire cost of a long-lived asset in the first year of use.
B) When a company receives free publicity in return for charitable contributions.
C) A tax law dealing with how companies can depreciate their assets.
D) The acquisition cost of an asset minus its accumulated depreciation.
E) When a company expenses the cost of a long-lived asset by a constant annual amount.
F) The exclusive right to sell or use a product or process that is granted to encourage innovation.
G) Net income plus interest,taxes,depreciation and amortization expenses.
H) Tangible long-lived assets.
I) An intangible asset that represents the value of unidentifiable assets acquired.
J) Names or images that appear with a ® or ^TM.
K) What a company expects to receive when an asset is disposed of at the end of its useful life.
L) Assets whose values do not change over time.
M) When a company allocates the cost of a long-lived asset at a higher rate in the first years of use.
N) The estimated total use a company expects to receive from an asset.