Solved

Match the Term and the Definition

Question 52

Matching

Match the term and the definition.Not all definitions will be used.

Premises:
Net book value
Patent
EBITDA
Straight-line depreciation
Fixed assets
Residual value
Goodwill
Trademark
Accelerated depreciation
Responses:
What a company expects to receive when an asset is disposed of at the end of its useful life.
When a company receives free publicity in return for charitable contributions.
Names or images that appear with a → or TM.
Names or images that appear with a →or TM.
Names or images that appear with a →or TM.
When a company allocates the cost of a long-lived asset at a higher rate in the first years of use.
Assets whose values do not change over time.
The estimated total use a company expects to receive from an asset.
What a company presents on its balance sheet as the fair market value of an asset.
Names or images that appear with a → or TM.
Net income plus interest,taxes,and depreciation expenses.
Tangible long-lived assets.
The exclusive right to sell or use a product or process that is granted to encourage innovation.
When a company expenses the cost of a long-lived asset by a constant annual amount.
The premium a company pays to obtain the favourable reputation associated with another company.
Revenue that a company receives through a licensing agreement.
A tax law dealing with how companies can depreciate their assets.
When a company expenses the entire cost of a long-lived asset in the first year of use.
The acquisition cost of an asset minus its accumulated depreciation.

Correct Answer:

What a company expects to receive when an asset is disposed of at the end of its useful life.
When a company receives free publicity in return for charitable contributions.
Names or images that appear with a → or TM.
Names or images that appear with a →or TM.
Names or images that appear with a →or TM.
When a company allocates the cost of a long-lived asset at a higher rate in the first years of use.
Assets whose values do not change over time.
The estimated total use a company expects to receive from an asset.
What a company presents on its balance sheet as the fair market value of an asset.
Names or images that appear with a → or TM.
Net income plus interest,taxes,and depreciation expenses.
Tangible long-lived assets.
The exclusive right to sell or use a product or process that is granted to encourage innovation.
When a company expenses the cost of a long-lived asset by a constant annual amount.
The premium a company pays to obtain the favourable reputation associated with another company.
Revenue that a company receives through a licensing agreement.
A tax law dealing with how companies can depreciate their assets.
When a company expenses the entire cost of a long-lived asset in the first year of use.
The acquisition cost of an asset minus its accumulated depreciation.
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