Match each of the following terms with the appropriate definitions.a. Depletionb. Bettermentc. Ordinary repairsd. Units-of production methode. Intangible assetsf. Accelerated depreciationg. Amortizationh. Goodwilli. Total asset turnoverj. 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 good operating condition.____ 6.The

Question

process of allocating the cost of a natural resource to the period when it is 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.Nonphysical assets used in operations that give long-term rights or competitive advantages to their owners. 

What will be an ideal response?

Answer 1

1. H; 2. J; 3. B; 4. F; 5. C; 6. A; 7. I; 8. G; 9. D; 10. E