Match Each of the Following Terms with the Appropriate Definitions

Short Answer

Match each of the following terms with the appropriate definitions.
a. Depletion
b. Betterment
c. Ordinary repairs
d. Units-of production method
e. Intangible assets
f. Accelerated depreciation
g. Amortization
h. Goodwill
i. Total asset turnover
j. Revenue expenditure
_____ 1. The amount by which the company's value exceeds the value of its individual assets and liabilities.
_____ 2. A cost reported as an expense on the current income statement because it does not provide a material benefit in future periods.
_____ 3. An expenditure that makes a plant asset more efficient or productive.
_____ 4. A method of depreciation that yields larger expense during the early years of an asset's life and smaller expense in the later years.
_____ 5. Expenditures to keep a plant asset in normal, good operating condition.
_____ 6. The process of allocating the cost of a natural resource to the period when it are consumed.
_____ 7. A measure of a company's effectiveness in using its assets to generate sales.
_____ 8. The process of systematically allocating the cost of an intangible asset to expense over its estimated useful life.
_____ 9. A depreciation method that charges a varying amount to expense for each period of an asset's useful life depending on its usage.
_____ 10. Certain nonphysical assets used in operations that confer long-term rights, privileges, or competitive advantages on their owners.